$BTC Bitcoin broke to 104 thousand dollars, and this is very surprising especially since the interest rate stabilization in America was expected. But many factors worked together to make the market explode.

Speculative momentum and FOMO.

As soon as the price broke the 100 thousand dollar mark, the fear of missing out kicked in. Exchanges received automatic buy orders and speculators entered heavily, causing the market to heat up.

Huge liquidity from institutions.

Investment funds like BlackRock and Fidelity are preparing Bitcoin products, which is an unprecedented influx of liquidity. The interest rate stabilization encouraged them to enter with full force.

Positive economic and business news.