Bitcoin (BTC) is showing strong bullish momentum, with a 1.2% gain on its 24-hour price chart, 0.7% growth over 7 days, and a 3% rise in the last 30 days. Having surpassed its all-time high of $111K, BTC is now trading above $107K, backed by a 12% surge in trading volume to $48 billion.
Bitget Unveils Crypto-Backed Payment Card
In response to growing Bitcoin demand, Bitget has partnered with Mastercard and infrastructure provider Immersve to launch a crypto-supported payment card. Key features include:
- Global usability across 1.5M+ merchants.
- Zero transaction fees.
- Real-time funding via on-chain swaps/deposits.
Initially targeting UK/EU users, the card will later expand to Latin America, Australia, and New Zealand.
"Immersve enables blockchain-native spending while complying with Mastercard’s regulatory frameworks," said CEO Jerome Faury.
Bitget Wallet CMO Jamie Elkaleh noted that 40% of global wallet users actively spend crypto, with 20% of Gen Z respondents open to crypto-based pensions.
Institutional Adoption Accelerates
- Deutsche Bank: Plans full crypto custody services by 2026.
- Smarter Web Company: Added 230 BTC to its treasury as part of a 10-year reserve strategy.
Bitcoin Price Prediction: $120K or Beyond?
Bitget CEO Gracy Chen forecasts BTC could reach $126K–$190K by year-end, citing historical post-halving trends. The Q4 2025 rally may mirror 2017’s 3x surge from the halving price ($63K in April 2025).
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FAQs
Q: What drives Bitcoin’s current demand?
A: Institutional adoption (e.g., Deutsche Bank), payment innovations (Bitget card), and macroeconomic uncertainty fuel uptake.
Q: Could BTC hit $200K this cycle?
A: While experts like Chen predict $190K, some models suggest $200K is possible if institutional inflows accelerate.
Q: Is crypto spending mainstream now?
A: Data shows 40% of Bitget Wallet users spend crypto, signaling growing acceptance—especially among younger demographics.
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