Institutional capital and halving trigger a new round of cryptocurrency gold rush

Bitcoin soared to above $116,000 in early September 2025, driven by institutional demand and post-halving supply tightening. With the popularity of DeFi and network upgrades, Solana's target price is $261. BullZilla raised over $362,000 in pre-sales, reflecting speculative interest in practical tokens. Regulatory clarity and approval of spot Bitcoin ETFs continue to spark market optimism, although market volatility continues.