In the past 24 hours, Bitcoin added 3.03% to its price, and when writing, it was exchanging at $87,738, and its market cap is up by 3.09% in the same frame, reaching $1.73 trillion.
However this spike of roughly of $3,000 has reversed the bearish sentiments and most recently it has been reported that Metaplanet a Japan based company has once again bought 330 BTC’s for $26 million.
With this addition of 330 Bitcoin, now Metaplanet holds 4,855 BTC, the back-to-back purchase demonstrates its dedication to meet its claim to hold 10k Bitcoin by 2025 end.
What sparked a sudden bullish momentum in Bitcoin?
According to data from TradingView, Bitcoin recorded a highest trading price of $87,679 in the past 24 hours and it lowest traded at $83,976, the current prices of BTC are 19% lesser than its all time high.
There are several reasons behind the sudden surge in the trading prices of BTC, but a primary reason behind the spike is the cooling global trade tension, including tariff and other charges that have been imposed during international trade.
After every halving, Bitcoin records a tremendous growth, and after the 4th halving that took place in 2024, the price of BTC grew around 33% from then to now. Halving in Bitcoin is a mechanism that occurs every four years, and in this process, the mining rewards are reduced by half.
Suppose, I’m mining a Bitcoin in 2012 for rewards of 10 BTC, the rewards will be divided into half after four years and when I will be mining in 2016 the rewards I will be receiving is 5 BTC for the same prices of validation and mining.
It is worth noting that, Bitcoin took 357 days after 1st halving to record a new all time high, and after 2027 halving it struggled after 518 days to reach a new milestone, after 2021 halving it took 546 days to reach a new prices and similarly in 2025 it’s just achieved ATH in 273 days.
Experts see the reduction in the number of days to reach a ATH after every halving as a long term opportunity for Bitcoin in terms of prices.
Some of the experts also say that there is growing adoption of Bitcoin among whales, institutions and giants, a recently published report says that the number of publicly listed companies has grown in the 1st quarter of this year, demonstrating the intent to explore the skyrocketing digital asset market worldwide.
