Bitcoin has established a new benchmark for market strength, achieving an unprecedented weekly closing price of $109,200.
The highest-ever finish to a trading week signals significant confidence among investors and traders, suggesting sustained positive momentum within the cryptocurrency space. Analyst predictions now point towards a potential short-term price target of $112,000.
This milestone coincides with heightened market anticipation surrounding pivotal regulatory discussions dubbed ‘Crypto Week’ set to take place at the U.S. Congress. These discussions are expected to influence wider market dynamics and the regulatory landscape significantly.
Sustained growth is further underpinned by increasing institutional confidence and the ongoing evolution of regulatory frameworks. Corporate Bitcoin acquisitions are reportedly accelerating, including plans for significant investments.