Bitcoin Reaches New Highs, Driven by Institutional Interest

The cryptocurrency market is experiencing renewed activity, with Bitcoin hitting a new all-time high above $100,000. This surge, marking a 2.2% increase to $103,573, aligns with strong gains across other major cryptocurrencies like XRP, Solana, and Ethereum, which saw daily increases exceeding 5%. Analysts attribute this rally to cautious optimism spurred by institutional investors rather than retail trader enthusiasm. They suggest sustained growth could be influenced by a combination of these factors.