The Russell 2000 index, which excludes the 1,000 largest publicly traded companies in the US, reached a four-month high. Since many investors still classify #Bitcoin as a risk asset, fears related to rampant spending on artificial intelligence driving extremely high valuations have acted as a ceiling for BTC prices.

Although macroeconomic conditions still support a potential all-time high for Bitcoin, given the increasing pressure on central banks to adopt expansive monetary policies, the threat of a temporary correction below $100,000 remains a real possibility.