$BTC ##Bitcoin has indeed broken its all-time high (ATH) multiple times recently. Here are some key updates:
- *Recent ATHs:* Bitcoin's price surged past $111,970, its previous ATH, and reached $111,222.94 at one point. It also broke above $100,000, setting a new ATH of $103,900.47.
- *Price fluctuations:* After reaching $103,900.47, Bitcoin's price dipped slightly to $102,695. The cryptocurrency is expected to face resistance levels around $109,500 and $115,000.
- *Market trends:* Analysts predict Bitcoin could reach $128,000 by the end of the year, with some setting targets as high as $200,000 or even $352,000 for the long term.
- *Institutional interest:* The surge in Bitcoin's price is attributed to increased institutional demand, driven in part by the success of US ETF products, with daily inflows averaging nearly half a billion dollars.
- *Market capitalization:* The total crypto market capitalization has grown significantly, with Bitcoin's dominance currently at 63.8% and a market cap of $2.21 trillion.