A surge in Bitcoin’s price has pushed the cryptocurrency past the $107,000 mark, marking a significant milestone driven by increasing institutional investment. Notably, Metaplanet purchased 1,004 BTC for $104 million, while GD Culture Group committed $300 million to crypto reserves. These actions have significantly amplified Bitcoin’s price surge and driven it to a new five-month high. Market activity has been intensified by these movements, with derivatives experiencing $575 million in liquidations. While Bitcoin is currently on a high, Ethereum has experienced a slight decrease of nearly 2%, deviating from the overall market trend. Experts have drawn parallels to previous bull runs such as November 2021, and point to regulatory positivity, including recent laws in U.S. states that are shaping this bullish trend. The continued surge in Bitcoin is being seen by many as indicative of a shift in market sentiment driven by institutional action and legal frameworks. Analyst consensus remains cautiously optimistic but awaits further market maturity.