Bitcoin has broken its all-time high, surpassing $112,000. This surge is attributed to several factors, including¹ ²:
- *FOMC Meeting Minutes*: The Federal Reserve's meeting minutes hinted at potential rate cuts in 2025, boosting investor confidence in crypto.
- *Institutional Inflows*: Increased investment in Bitcoin ETFs has driven demand for the asset.
- *Regulatory Clarity*: Progress in digital asset regulations, such as the CLARITY bill and GENIUS stablecoin bill, has contributed to Bitcoin's growth.
- *Dollar Weakness*: A weaker dollar index has made Bitcoin more attractive to investors.
As of now, Bitcoin is trading around $111,140, with a 2.4% increase. Experts predict further gains, with potential targets reaching $120,000 or even $237,185 in the long term.³
