Bitcoin (BTC) is currently trading at approximately $109,721, reflecting a 2.54% increase over the past 24 hours. This follows a recent all-time high of $111,332.88 achieved on May 23.
The recent bullish momentum is attributed to several factors.
Institutional Investment:
Significant inflows into digital assets have been recorded, with $3.3 billion entering the market in the past week alone, totaling $10.8 billion year-to-date.
Global Economic Factors:
Rising bond yields and concerns over fiscal stability are prompting investors to consider Bitcoin as a hedge against traditional market volatility.