Institutional Fund Inflows and Regulatory Clarity Help Bitcoin Market Maintain $2 Trillion Market Cap
By the end of 2025, Bitcoin (BTC) performed steadily against the backdrop of macroeconomic volatility and a more完善的监管体系 (improved regulatory framework). As of December 20th, its market capitalization remained stable at $2.05 trillion, with a price of $103,146 per coin, accounting for over 61% of the global cryptocurrency market capitalization, continuing its 41% year-to-date increase. Major exchanges such as Binance and Bitget provided ample liquidity, with Binance's one-sided order depth reaching $8 million, supporting stable market operation.
Institutional investment became a core support. Inflows into US spot Bitcoin ETFs rebounded at the end of the year, with a net inflow of $457 million on December 17th. Fidelity FBTC led the way with a net inflow of $391 million, while BlackRock IBIT attracted $111 million. On-chain data shows that Bitcoin reached a historical high market capitalization of $1.125 trillion, with institutional holdings rising to 24.5%, highlighting its asset allocation value as "digital gold."
Global regulation presents a differentiated landscape. The US is pushing forward with the "Bitcoin Strategic Reserve Act," confiscating 200,000 BTC for inclusion in the national reserve; the EU's MiCA law has been fully implemented, requiring crypto service providers to operate with licenses; and emerging markets such as Russia and Argentina have opened up cross-border settlements or free circulation of Bitcoin. Although there has been a temporary outflow of funds from ETFs, the dovish Federal Reserve policy and the resilient growth of the global economy provide support for the subsequent price movement of BTC, with analysts predicting that the price could reach $160,000 by the end of the year.
