The surge in $BTC Bitcoin’s value, with prices exceeding $100,000, has been fueled by several factors
Institutional Investments: Major firms like MicroStrategy have continued to invest heavily in Bitcoin. MicroStrategy recently acquired an additional 13,390 BTC for $1.34 billion, bringing its total holdings to 568,840 BTC .
Positive Macroeconomic Developments: The announcement of a temporary trade agreement between the U.S. and China, which includes reduced tariffs, has bolstered investor confidence, contributing to the rally in cryptocurrency markets .