Thanks to the limited Bitcoin supply and the ever increasing demand, markets momentum pushed prices beyond the previous all time high. Even traders anticipated further upside, reinforcing the bullish trend with non-stop buying pressure.
Additionally, Bitcoin surged to 112,000 dollars due to a combination of institutional demand , favorable u.s regulatory sentiment, and renewed interest in crypto ETFs. major inflows into Bitcoin spot ETFs signaled strong investor confidence, especially from hedge funds and pension managers. The optimism around a pro-crypto u.s administration and declining interest rate expectations fueled a broad risk-on rally. Tech stocks especially AI-driven companies like Nvidia, also spilled over into digital assets!!!
