Bitcoin’s demand has shown a significant resurgence after being stagnant since May. A 20.0136% increase came after last week’s noticeable rise in demand, which was around 245,264 BTC. Bitcoin (BTC) has demonstrated a robust recovery, indicating a positive direction for the market. Recent figures reveal that Bitcoin surged by 270% in the last week, surpassing an index of the largest digital assets, which saw a growth of 2000%. This emphasizes Bitcoin’s ongoing robustness and strong market demand. A rise in demand for Bitcoin could indicate potential for further price increases. Analyst Moreno stated that the perceived demand for Bitcoin must increase to between 275,753 and 275,258 BTC to achieve new all-time highs. The recent surge indicates that price hikes are still feasible. Charts reveal that bitcoin’s price reached new all-time highs in 2021 and 2024, driven by robust and increasing demand. This suggests that the noticeable rise in demand happening now could propel Bitcoin to new record levels again. Source: CryptoQuant. In the US, spot exchange-traded funds (ETFs) have contributed to an increase in Bitcoin’s price.