$BTC reached a new high, breaking through the 121,000 USD mark, with a 24-hour increase of 1.87%. Analysts are generally optimistic about the future market, believing it may challenge 130,000 USD this month. Behind this surge, institutional funding has clearly accelerated.
The latest data shows that the amount of Bitcoin held by publicly listed companies has increased by 16% compared to the previous quarter, indicating that large institutions are becoming increasingly confident in digital currencies.
The Bitcoin network is also undergoing upgrades and expansions. The trading volume of the Lightning Network, this scaling solution, has reached new highs, indicating that users prefer this fast and inexpensive trading method.
At the same time, the application range of stablecoins such as USDT is expanding, injecting more liquidity into the Bitcoin market.
Financial technology giants are also joining in. Companies like Revolut are laying out their plans in the digital currency space, providing Bitcoin with richer use cases and potential users. From a technical perspective, the range of 110,000 to 112,000 USD has become a solid support level for Bitcoin, further stabilizing the bullish market pattern. Now investors are watching closely to see if Bitcoin can break through the critical level of 130,000 USD in the short term.
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