Bitcoin Surpasses $110,000 for First Time, Driven by Institutional Demand and Regulatory Clarity

Bitcoin has reached a new all-time high of $110,788.98, surpassing its previous record of $109,458 set earlier this day. This historic milestone is attributed to strong institutional investment and the growing clarity surrounding cryptocurrency regulation, according to analysts. 2023 has seen Bitcoin climb up by 17.5%, recovering from a slump triggered by US tariffs in April.