Bitcoin Breaks New Ground: 3 Factors Driving its Price Surge

Bitcoin surged past $110,260 on June 9th, marking a significant comeback from the week’s bearish trends. This impressive feat puts Bitcoin just two percent away from its all-time high, contributing to a broader market recovery fueled by Ethereum . The total open positions in futures soared by approximately 6%, reaching $154.8 billion, while over $445 million worth of leveraged positions were liquidated, including a substantial $204 million wiped out from Bitcoin positions. Analysts attribute this price surge to three key factors: reduced regulatory uncertainty, sustained institutional demand, and increased liquidity.