Bitcoin on the rise, new record and driving factors
Bitcoin ($BTC ) continues its upward trajectory, operating within a narrow range after reaching a new all-time high of nearly $112,000 last Thursday. The asset remains close to its records, driven by regulatory optimism and the prospect of greater institutional adoption.
Two main factors are contributing to this rise
1. Bitcoin 2025 Conference in Las Vegas: The event brings together influential figures from the industry and the political scene, including U.S. Vice President JD Vance, Donald Trump's sons, Eric and Donald Trump Jr., and crypto market leaders like Michael Saylor and Vlad Tenev.
2. Billion-dollar investment from Trump Media: The company announced plans to raise $2.5 billion with the aim of acquiring Bitcoin, reinforcing institutional interest in the cryptocurrency.
Despite profit-taking by some investors, Bitcoin continues to be supported by positive expectations. The next major catalyst could be the release of the U.S. Personal Consumption Expenditures (PCE) price index, which could impact the crypto market depending on inflation data.
