*Bitcoin Hits New Record High Above $112,000*
Bitcoin (BTC) has reached a fresh record high of $112,702, driven by:
- *Strong ETF Inflows*: Continued investment in Bitcoin ETFs.
- *Corporate Adoption*: Increasing adoption by crypto treasury companies.
- *Favorable Regulatory Climate*: A more supportive regulatory environment.
*Market Outlook*
Hashdex analyst Gerry O'Shea believes the bull market is far from over, with potential catalysts driving Bitcoin's price to $140,000 or higher this year.
*Broader Market Gains*
The crypto market saw gains across the board, with:
- *Ethereum (ETH)*: Rising 5% above $2,800.
- *XRP (XRP)*: Gaining 3.5%.
- *CoinDesk 20 Index*: Advancing 3.4% to its strongest level since May.$ETH