#BTCBreaksATH

In February 2024, Bitcoin breached the $59,000 mark, reaching a two-year high of $59,485. This surge led to new ATHs against multiple fiat currencies, including the Japanese yen, Malaysian ringgit, Indian rupee, and others.

The upward momentum continued, with Bitcoin surpassing $60,000 in early 2024. Analysts attributed this rally to increased institutional demand, particularly from spot Bitcoin exchange-traded funds (ETFs), which saw substantial daily net inflows. This demand, coupled with the limited new BTC supply, contributed to the price surge.