Bitcoin Hits New High, Driven by Safe-Haven Demand and Market Optimism

Bitcoin (BTC) has surged past $94,000, marking a significant jump in price that brings it closer to its all-time high. This recent market movement is attributed to increased trading volume and positive investor sentiment. Experts are pointing to the strengthening dollar and growing institutional investment as key drivers behind this surge. 50-day and 200-day moving averages are now near $84,214.79 and $88,382.41, indicating Bitcoin’s increasing price volatility.