Bitcoin Price Surges to New Highs: ETF Flows, Geopolitical Uncertainty Drive Growth

Bitcoin has hit a new record high, exceeding $106,500, propelled by substantial investment inflows from institutional investors and a confluence of factors including geopolitical uncertainty, expanding decentralized finance (DeFi), and the impact of rising inflation on traditional asset classes. This surge comes as Bitcoin ETFs are experiencing significant growth, with over $2.8 billion in net inflows recorded in just the first half of May alone.