Bitcoin Price Soars Amidst Institutional Buying & Market Trends

Bitcoin’s price has surged recently, reaching ranges between $116,000 and $119,000 as institutional investors buy in. This increase is largely driven by high-volume buying from institutions like The Smarter Web Company which are now holding over 160,000 BTC. These actions fuel market optimism and are expected to contribute to the price going higher, possibly exceeding $150,000. Economists suggest that this trend could signal a bullish market environment due to expectations of Federal Reserve action.