Exchange Manager: Bitcoin Will Surpass $100,000 Within 7 Days with Institutional Investors! - Koin Bulletin

While Bitcoin gives a break between 'correction and profit realization' to its stable rise, the COO of the BTSE exchange said that the price will reach $100,000 this week.

Prior to Bitcoin's $100,000 target, profit takings and technical corrections accompanied by a 3.5% loss on Sunday stood out. This situation led to losses of up to 5% in major altcoins such as XRP and Dogecoin, while other popular altcoins like Ethereum, Solana, and Cardano also declined between 2-5%. The total market value decreased by 2.4%, leading investors into a cautious mood.

BTSE exchange's COO Jeff Mei today stated on Telegram to CoinDesk, drawing attention to the ongoing institutional demand under the leadership of Bitcoin, indicating that testing the $100,000 level in the coming week is very likely. Additionally, he added that institutional purchases of Ethereum ETFs are accelerating and the inclusion of Solana ETFs in the future is expected.

We also believe that institutions will soon start investing in Ethereum ETFs and show interest in Solana ETFs once they are approved. This upward trend looks promising to continue until 2025.

The Trump administration's meeting with industry leaders to discuss crypto-friendly policies is among the factors supporting a rally that could last until 2025.

The volatility in Bitcoin resulted in a $500 million liquidation in the futures market, with altcoins and mid-sized futures contracts being particularly hard hit. However, according to market analysts, it appears highly likely that Bitcoin will surpass the $100,000 threshold.