Bitcoin Hits All-Time High Above $109,500 🚀
$BTC Bitcoin has reached a new all time high, surpassing $109,500, and now has a higher market cap than Amazon and Google.
Why Is Bitcoin Going Up? 📈
Regulatory Clarity:
The U.S. Senate passed a bill that establishes a legal framework for stablecoins, boosting investor confidence in the crypto market.
Political Support:
Former President Donald Trump has endorsed cryptocurrencies and announced plans to include Bitcoin in U.S. reserve strategies.
Institutional Investment:
Major institutions are increasing their $BTC holdings, contributing to its surge in value.
Impact on Global Markets:
While $BTC is rising, U.S. stock markets are under pressure. The Dow Jones dropped 750 points, due to weak treasury auction demand and rising yields!
Future Predictions: 🔥
Analysts predict Bitcoin could reach $113,000 by June 2025, if current momentum continues.
