The price of Bitcoin is displayed on a screen at a Bithumb lounge in southern Seoul, Wednesday. Yonhap

Bitcoin, the world's leading cryptocurrency, has been steadily trading at around 100 million won ($72,500). Experts anticipate that the recent influx of capital into spot Bitcoin exchange-traded funds (ETFs) will fuel further price increases.

Bitcoin was trading at 100.66 million won on the domestic cryptocurrency exchange, Bithumb, as of 8:40 a.m. on Thursday, edging up 0.18 percent from the previous day.

At the same time, it was trading at 100.7 million won on the country's biggest cryptocurrency exchange, Upbit, down 0.68 percent.

Ethereum remained relatively stable for the second consecutive day, trading in the 3-million-won range on both Upbit and Bithumb.

Investors anticipate that a significant price rise in Bitcoin could spark a broader rally across the entire cryptocurrency market.

Experts predict a further rally, diagnosing the current phase as the early stage of a bull market.

SkyBridge Capital founder Anthony Scaramucci wrote on X, formerly known as Twitter, "If you're watching #Bitcoin make new highs and thinking you missed the boat — you didn't. It's still VERY early, in my opinion."

Analysts at 10x Research have also made a bold prediction that Bitcoin could hit the $100,000 mark by January 2025.

The cryptocurrency analysis firm noted, among others, that institutional investors are increasingly viewing Bitcoin as a stable asset, often referred to as "digital gold."

Key financial players like BlackRock have reinforced this view, promoting Bitcoin as a long-term investment option.

In October alone, spot Bitcoin ETFs amassed over $4.1 billion in investments, further bolstering institutional trust.

On the other hand, Ethereum's outlook seems less favorable. 10x Research has voiced doubts about Ethereum's long-term potential, citing reduced returns over the past two years.