Bitcoin Reaches New Highs: Debt Concerns Drive Safe-Haven Demand

Bitcoin has surged past its previous January record high, reaching $110,545 on Binance. This move comes as growing concerns about global fiscal stability and rising gold prices contribute to a positive market environment. The surge in Bitcoin’s price is closely tied to the increase in gold prices, which rose by 0.6% to $3,312 per ounce today, reflecting worries surrounding global economic stability.