Bitcoin Soars to New Heights: ETFs and Tight Supply Fueling Bull Run

Bitcoin has surged past $122,000 in Asian markets after a record high of $126,200 earlier this week. The cryptocurrency’s rise is fueled by robust institutional buying, coupled with a decrease in coins on centralized exchanges. This has fueled predictions that Bitcoin could reach $140,000 by year-end. The recent upward trend is further boosted by record exchange-traded fund (ETF) investments and dwindling coin supply on platforms.