Bitcoin Surges Toward $108K: Institutional Buying Fuels Price Surge

Bitcoin (BTC) is experiencing a surge in value as bullish market trends and substantial institutional investments push the price towards its historical high of $108,000. Analysis suggests this rise can be attributed to expanding decentralized finance (DeFi) applications and increasing investment from major firms like Strategy (formerly MicroStrategy) and Metaplanet. Both companies are aggressively increasing their Bitcoin holdings.