Bitcoin Reaches New High Above $103,800 as Network Activity Booms

Bitcoin has surpassed the $103,800 threshold for the first time since January, marking a significant breakout from sideways consolidation. The surge is fueled by increased investor activity reflected in over 344,620 new Bitcoin wallet creations, according to blockchain analytics firm Santiment. This rise coincides with growing bullish sentiment and anticipation of a potential breakout toward the $108K target, as confirmed by MACD indicators.