Bitcoin Surges Past $114,000 Amidst Strong Market Rally

The cryptocurrency market experienced a significant price surge for Bitcoin (BTC), which surpassed the $114,000 threshold in a matter of hours. This rise followed the Federal Reserve’s announcement of exploring “payment accounts” that would allow crypto and fintech companies to connect with the Fed’s payment rails. After gold saw its upward trend slow down, capital appears to be shifting towards Bitcoin as an alternative asset class.