Bitcoin Breaks Above $111K, Driven by Institutional Inflows

Bitcoin’s price soared to a new all-time high of over $111,000, fueled by significant investment from institutional investors. This surge is driven in large part by the influx of participation into Bitcoin ETFs and other institutions looking to integrate it into their portfolios. This rise marks a historic milestone in the cryptocurrency market, demonstrating increased legitimacy of Bitcoin in institutional spaces and influencing overall market sentiment as reflected in the rising Fear and Greed Index.