Bitcoin’s price surged past $111,000 on Monday, marking a significant milestone in the cryptocurrency market. This rally comes alongside a broader rebound across crypto assets, with XRP, Solana, Ethereum, BNB, and Dogecoin all experiencing substantial gains. The increase is fueled by positive sentiment around global risk assets, driven by several factors. 🇯🇵 Japan’s Nikkei 225 index reached its record high thanks to the potential for a fiscal-friendly leadership in Japan under Sanae Takaichi. 💪 China’s GDP showed stronger-than-expected growth in Q3 (4.8%) and helped boost local markets. 🇨🇳 Meanwhile, the weakening U.S. dollar (DXY) provided a favorable environment for cryptocurrencies like Bitcoin, which are often priced in dollars. 💰 On-chain data suggests increased buying activity, as evidenced by a drop in Bitcoin’s RVT ratio – an indicator of accumulation and price preparation for future growth. 📈 The rally was further fueled by Michael Saylor’s recent announcement hinting at potential new Bitcoin investments, adding to the positive momentum. 💰 💡