🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Bitcoin price breaks through the $105,000 mark, driven by a surge in institutional investment that propels coin prices soaring.
Bitcoin price breaks through the $105,000 mark as institutional investment surge drives coin prices soaring
June 24, 2025 - Driven by a surge in institutional investments and strong inflows into exchange-traded funds (ETFs), Bitcoin broke through the $105,000 mark on June 24, 2025. This milestone rise solidified cryptocurrency's status as an important asset, drawing the attention of global financial markets and igniting optimistic sentiment about future market bullishness.
The recent surge is backed by strategic layouts from business giants and financial institutions, reflecting the deepening penetration of Bitcoin into the mainstream financial system. Companies like Strategy are significantly increasing their Bitcoin holdings to bolster their capital reserves, while ETF issuers, including BlackRock's iShares Bitcoin Trust, are also injecting substantial funds into this asset. These trends highlight institutional investors' strong confidence in Bitcoin, making it an indispensable core asset in diversified investment portfolios.
Tom Lee, the managing partner of Fundstrat, pointed out that the continued easing of global liquidity and the market's expectation of the Federal Reserve's dovish policy over the next year are key catalysts driving the rise of Bitcoin. The ripple effect generated by Bitcoin's upward trend has surpassed its own market scope, with other mainstream cryptocurrencies like Ethereum also strengthening, and their market capitalization rising in tandem. This correlated rise not only highlights Bitcoin's leading role as a digital asset barometer but also confirms that its integration with the traditional financial system is deepening.
Looking ahead, analysts believe that the trajectory of Bitcoin's development may trigger a fundamental transformation of financial paradigms, making it a mainstream investment tool. Although the ongoing price increase will invite stricter scrutiny from regulators, the current relatively stable regulatory environment creates favorable conditions for institutions to further embrace Bitcoin. Historical experience shows that such bullish markets often pave the way for market expansion and regulatory recognition, potentially opening up new growth spaces.