#BinanceSquare Bitcoin has shattered its previous all-time high, marking a historic moment for the crypto market. This achievement signals strong momentum for BTC and reflects broader confidence in the potential of digital assets ¹.

As of today, Bitcoin's price stands at $104,497.99, with a market capitalization of $2.07 trillion ². The current rally has been fueled by various factors, including:

- *Increased Institutional Investment*: The approval of spot Bitcoin ETFs in the US has generated significant buy pressure, driving up demand and prices ³.

- *Upcoming Bitcoin Halving*: The anticipated reduction in block reward for miners is expected to create a supply crunch, potentially leading to higher prices.

- *Improved Regulatory Environment*: The introduction of new reporting rules by the Financial Accounting Standards Board (FASB) is expected to favorably impact how companies report Bitcoin's value on their books.

While some analysts predict a short-term correction, others foresee Bitcoin's price reaching $100,000 or higher by the end of 2024 ³.