Bitcoin dominates and approaches a new historical record: Is institutional momentum at play?💥
The cryptocurrency market is boiling, with Bitcoin (BTC) leading the charge.
In the last 24 hours, the price of Bitcoin has surpassed $118,000, registering a growth of over 1.5%. 📈
This rise positions it a step away from its all-time high, and analysts are very optimistic.
What is behind this strong momentum?
The answer seems to lie in renewed institutional confidence.
Spot Bitcoin ETFs in the U.S., after days of outflows, have seen significant capital inflows again, with over $92 million invested in the last day.
This flow of money shows that major players continue to bet on the future of BTC as a valuable asset.
This is coupled with enthusiasm surrounding recent favorable regulatory news in some countries, which facilitates access to cryptocurrencies for traditional investors.
The combination of robust institutional demand and a generally bullish sentiment is creating the perfect scenario for a possible new record.
Are we on the brink of a new milestone for Bitcoin? The coming days will be decisive.🔥
#BTC $BTC #bitcoin
Disclaimer ⚠️
The information provided in the previous post is for informational and educational purposes only. It should not be interpreted as financial, investment, legal, or tax advice.🚫
Investments in cryptocurrencies and decentralized finance (DeFi) carry significant risks, including the potential total loss of the invested capital.⚠️
Always conduct your own research (DYOR - Do Your Own Research) 🫵🏻