#BTCBreaksATH Bitcoin has exceeded 113,000 US dollars for the first time. So why did this huge increase happen?

The matter has several interconnected reasons.

There have been massive flows from large financial institutions that started investing their money in Bitcoin after investment funds like Crypto Blue Chip ETF emerged, which combines Bitcoin, Ethereum, and Solana. This created a new sense of trust among both large and small investors.

Also, US policies have become more flexible towards crypto, especially after the current administration announced its intention to support innovation and clear regulations rather than restrictions. This reassured the market and increased demand.