Lillian_wr
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#BTCBreaksATH 🎉
Bitcoin's surge past $112,000 is driven primarily by strong institutional demand, especially from Bitcoin-focused ETFs that have seen over $1.5 billion inflows recently, reflecting growing confidence from traditional investors.
Major corporations and nations like El Salvador are also increasing Bitcoin holdings, signaling long-term commitment. Additionally, favorable macroeconomic factors, including expectations of US interest rate cuts, have boosted risk appetite.
Technical breakouts and bullish sentiment suggest Bitcoin could potentially rally further, with some analysts predicting targets around $150,000 in the near term.
Bitcoin's surge past $112,000 is driven primarily by strong institutional demand, especially from Bitcoin-focused ETFs that have seen over $1.5 billion inflows recently, reflecting growing confidence from traditional investors.
Major corporations and nations like El Salvador are also increasing Bitcoin holdings, signaling long-term commitment. Additionally, favorable macroeconomic factors, including expectations of US interest rate cuts, have boosted risk appetite.
Technical breakouts and bullish sentiment suggest Bitcoin could potentially rally further, with some analysts predicting targets around $150,000 in the near term.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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