Bitcoin Surpasses $119,000, Signaling Robust Market Sentiment

Bitcoin has experienced a significant surge in price, reaching an all-time high of over $119,000. This move comes amidst positive market sentiment, fueled by factors like increased institutional interest and growing retail investor confidence. Experts attribute this to the expanding decentralized finance (DeFi) sector and Bitcoin’s limited supply which contributes to its value appreciation. The rising BTC price has a ripple effect on the broader cryptocurrency market, often pushing other digital assets upward as well.