#BTCBreaks99K Bitcoin has indeed broken the $99,000 mark, reaching a high of $99,406 earlier today, and is now trading at $101,206.05, with a 5.05% increase. This surge is attributed to growing investor confidence, particularly among institutional and high-net-worth investors, who have added over 81,300 BTC to their holdings in the past six weeks.

Several factors contribute to this momentum:

- *Growing Institutional Interest*: Addresses holding between 10 and 10,000 BTC have accumulated 81,338 BTC over six weeks, signaling renewed confidence.

- *Market Sentiment*: Analysts expect Bitcoin to break its all-time high of $109,000 if the $95,000 support holds.

- *Federal Reserve's Steady Interest Rates*: The US Fed's decision to hold interest rates steady at 4.25%-4.5% has positively impacted the market.

- *Increased Trading Activity*: Over 17,400 BTC exchanged hands in the last 24 hours, indicating significant interest and renewed involvement from traders.

Some predictions suggest Bitcoin could reach $150,000 by the end of the year, driven by factors like ¹ ²:

- *Money Printing*: According to Arthur Hayes, former BitMex CEO, monetary authorities resorting to money printing amid market uncertainty could fuel Bitcoin's rally.

- *Favorable Government Policies*: The US government's shift in policies, such as establishing a Bitcoin Reserve and Digital Asset Stockpile, may broaden Bitcoin's investor base.