$BTC price surge can be attributed to several key factors:

Limited Supply: With only 21 million$BTC

available, scarcity drives up demand and value.

Institutional Investment: Companies like MicroStrategy and Tesla, along with ETFs, are buying Bitcoin, increasing demand.

Halving Events: Periodic reduction in Bitcoin mining rewards reduces supply, contributing to price increases.

Macroeconomic Trends: Inflation, unstable economies, and weak fiat currencies lead investors to Bitcoin as a hedge.

Growing Acceptance: More merchants, countries like El Salvador, and payment systems are adopting Bitcoin.

Market Sentiment: Media hype, celebrity endorsements, and fear of missing out (FOMO) also drive prices up.

These factors combined have pushed Bitcoin's current price to around $105,878, with a 2.67% increase. The market sentiment has shifted from "extreme fear" to "greed," indicating a bullish trend.