#BTCRebound Bitcoin (BTC) has indeed made a significant rebound, recently reaching a new all-time high of $109,140. The cryptocurrency's price surge is attributed to increased institutional adoption, positive regulatory expectations and strong demand driven by spot Bitcoin ETFs ¹.

Current price data shows BTC trading at $86,771.60 with a 2.56% increase. Factors contributing to the rebound include ² ¹ ³:

- *Institutional Investment*: Hedge funds like Millennium Management and Capula Management have increased exposure to US spot Bitcoin ETFs.

- *Regulatory Environment*: Anticipated pro-cryptocurrency policies and the establishment of a Strategic Bitcoin Reserve in the US have boosted investor confidence.

- *Market Demand*: Spot Bitcoin ETFs have acquired significant amounts of BTC, exceeding monthly mining outputs and creating a supply-demand imbalance.