Bitcoin Reaches New High, Breaking $104,000 Barrier Driven by Institutional Interest

Bitcoin has surged past the $104,000 mark, marking a significant milestone driven by growing institutional interest and bullish market sentiment. This recent surge reflects rising confidence among large-scale investors who view Bitcoin as a long-term hedge against market volatility. 2023’s early gains were marked by a price dip below $95,000 in May, followed by an impressive rebound sparked by buying activity on May 7th.