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    Bitcoin approaches $100,000 milestone as funds pour into ETFs and ether sees rapid growth

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    Bitcoin is on the cusp of reaching a value of $100,000, following a recent price surge. In the US, over $1 billion has flown into Bitcoin exchange-traded funds (ETFs), with BlackRock’s IBIT receiving $600 million. While futures and options pricing suggests the cryptocurrency could surpass $100,000 by 2025, there may be a short-term price dip near this milestone. Meanwhile, ether saw a near 9% increase in 24 hours, boosting several decentralized finance indexes by 8%.

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    Bitcoin is just a whisker away from hitting an all-time high valuation of $100,000 after a recent price surge. In the U.S., Bitcoin exchange-traded funds (ETFs) have seen an inflow of over $1 billion, with BlackRock’s IBIT standing out with $600 million. While the future looks promising with bets on futures and options pricing over $100,000 into 2025, experts warn that a short-term price dip is anticipated as Bitcoin nears the $100,000 mark.

    Bitcoin’s prices took an upward swing on Friday, soaring above the $99,200 mark. The spike was brief as it later settled at just over $99,000. This record performance boosted the overall market value to a whopping $3.4 trillion in less than a day.

    With this bullish outlook, Bitcoin, also known as BTC, is speculated to soon reach the historic milestone of a $100,000 valuation. This comes less than 15 years after the cryptocurrency was first introduced.

    In addition, U.S. Spot BTC ETFs have been experiencing a sharp increase in demand. According to the data, there has been a net inflow of over $1 billion, with BlackRock’s IBIT leading the pack with $600 million. Fidelity’s FBTC also reported an inflow of over $300 million.

    In other news, ether (ETH) has experienced a nearly 9% growth in the last 24 hours, pushing various indexes that track the broader decentralized finance sector up by at least 8%.

    Unfortunately, if you’re looking to invest in Bitcoin, be aware that a minor pullback near the $100,000 mark is expected. Despite this, the long-term outlook remains optimistic as futures and options pricing indicate values of over $100,000 into 2025.

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