Bitcoin has recorded an impressive price surge in recent weeks, which is particularly interesting for investors. Within just 17 days, the price of Bitcoin rose by nearly $20,000, signaling a remarkable upswing in the crypto market. This rally is accompanied by record-breaking inflows into Bitcoin ETFs (Exchange Traded Funds), further fueling interest from institutional and private investors in the cryptocurrency.
Technical Indicators and Market Sentiment
Current technical indicators show a bullish market sentiment: The Fear & Greed Index stands at 72 (Greed), and Bitcoin recorded price gains on 18 out of the last 30 days, with a moderate volatility of about 3.19%. The forecasts for the near future are also positive; experts expect Bitcoin to rise to around $113,754 by May 2025 – an increase of over 21% from the current price level of about $93,500.
Influence of the Halving Event
This development follows the halving event in April 2024, after which the annual inflation rate of Bitcoin dropped to about 0.83% – lower than the inflation rate of gold at about one percent per year. Such fundamental factors, along with macroeconomic influences like interest rate cuts by the Federal Reserve, contribute to the attractiveness of Bitcoin as an investment asset.
In summary, the crypto market is currently experiencing a strong upward trend, with a particular focus on Bitcoin, whose price has significantly increased in a short period and is supported by high ETF inflows. This makes it an exciting investment object for investors in 2025.