$BTC Bitcoin, the world's largest cryptocurrency, has been on a tear recently, surging towards the $120,000 mark and sparking renewed interest in the digital asset. The price action has been driven by a combination of factors, including increased institutional investment, improved market sentiment, and growing adoption.

#Institutional Investment on the Rise

One of the key drivers of Bitcoin's recent price surge is the growing interest from institutional investors. The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has provided a new avenue for investors to gain exposure to the cryptocurrency. According to recent data, US-based spot Bitcoin ETFs have recorded over $1 billion in inflows for two consecutive days, marking a significant milestone.