Bitcoin has reached a new all-time high, surpassing $70,000 per coin for the first time.
This surge is attributed to increasing institutional interest, with major financial firms and corporations investing heavily in the cryptocurrency.
Companies like MicroStrategy, Tesla, and Square have significantly increased their Bitcoin holdings, while asset management firms are launching new Bitcoin-focused investment products.
Analysts believe this trend indicates a growing acceptance of Bitcoin as a legitimate asset class and a hedge against inflation. Additionally, the development of Bitcoin ETFs and regulatory clarity in various countries are contributing to the bullish sentiment in the market.
