$BTC Bitcoin is experiencing a significant surge, trading at approximately $106,489—just 2% below its all-time high. This rally is fueled by increased institutional investments and bullish market sentiment.
Key Developments:
Record Daily Close: $BTC recently achieved a record daily close at $106,830, indicating strong buying pressure, particularly from U.S. investors.
Institutional Interest: Open interest in Bitcoin futures has reached a record $72 billion, suggesting heightened institutional participation.
Corporate Accumulation: Companies like Metaplanet and KULR are increasing their Bitcoin holdings, reflecting growing corporate adoption.
JPMorgan's Shift: JPMorgan Chase, led by CEO Jamie Dimon, has reversed its stance on Bitcoin, now allowing clients to invest in the cryptocurrency.
These developments underscore $BTC growing acceptance and integration into mainstream finance.
