🛸👃Bitcoin's recent price surge can be attributed to several factors. Let's break it down ¹:

- *Institutional Investment*: Growing interest from big-name institutions has contributed to the boom. For example, the iShares Bitcoin Trust ETF (IBIT) has seen significant investment, with its price trading around $53.45.

- *Regulatory Clarity*: Increasing regulatory clarity has provided a more stable environment for investors. This clarity has likely contributed to the recent price surge.

- *Mainstream Adoption*: Broader acceptance of cryptocurrencies has driven growth and adoption. Bitcoin's price has been on a roller-coaster ride, but the long-term trajectory has been higher.

- *Fixed Supply*: Bitcoin's capped supply of 21 million coins creates scarcity, which can drive up demand and prices.

*Current Market Trends:*

- *Current Price*: Bitcoin is trading around $93,908, with a market cap of $1.89 trillion.

- *Recent Performance*: Bitcoin's price has seen significant fluctuations, with a 1% decrease in the last 24 hours.

- *Market Sentiment*: Bitcoin's price is notoriously driven by sentiment, with market shifts between "greed" and "fear" phases impacting prices ² ¹.

*Expert Predictions:*

- Some experts predict Bitcoin could reach $108,000, with intermediate targets of $90,000, $93,000, and $103,000.

- Others believe the bull run could last into 2026, citing strong institutional involvement and growing regulatory clarity ¹.