$BTC
Bitcoin's recent price surge has been driven by several key factors, reflecting growing institutional interest and favorable macroeconomic conditions. The approval of U.S. spot Bitcoin ETFs, such as BlackRock's IBIT, has facilitated significant capital inflows, with over $875 million invested in a single day citeturn0search7. Additionally, the U.S. Federal Reserve's decision to cut interest rates has made traditional assets less attractive, prompting investors to seek alternatives like Bitcoin citeturn0search2. Political developments, including pro-crypto stances from U.S. leadership, have further bolstered market confidence. These combined factors have propelled Bitcoin's price to new highs, signaling a robust bullish trend.
