Bitcoin (BTC) has once again surpassed the $100,000 mark, reaching an intraday high of $103,978, driven by a significant influx of institutional investments. This milestone highlights the increasing confidence of major financial institutions in the cryptocurrency market.
According to data from Cointelegraph Markets Pro and TradingView, Bitcoin’s ascent has propelled its market capitalization to over $2 trillion, positioning it as one of the world’s most valuable assets.
The surge is attributed to substantial inflows into U.S.-listed Bitcoin exchange-traded funds (ETFs), which have seen record investments in recent weeks. This trend reflects a growing institutional appetite for cryptocurrency exposure.
Technical analysis suggests that Bitcoin’s price may retest resistance levels, with projections indicating it could reach $120,000 soon. Analysts caution that while the outlook is bullish, investors should remain vigilant due to potential market volatility.
As Bitcoin navigates these pivotal price levels, market participants closely monitor institutional investment patterns and technical indicators to gauge the cryptocurrency’s next move.
