Bitcoin Hits New High, Crossing $111,000: Is It a Turning Point?

Bitcoin has surged past the $110,000 threshold, reaching an all-time high of $111,825, as interest from institutional investors fuels demand. Analysts predict further growth, potentially hitting $113,000 by June 2025, driven by easing inflation expectations and anticipated rate cuts. However, market volatility poses risks with factors like dollar strength, geopolitical events, and regulatory changes potentially slowing down the rally.