Bitcoin Breaks $102,000 Amid Market Volatility

Bitcoin surged past the $102,000 mark recently, marking a significant milestone in cryptocurrency trading. This dramatic price increase was accompanied by substantial asset liquidations of over $177 million within an hour, primarily from long positions. While the surge has highlighted market volatility, key institutional players like Cathie Wood and BlackRock demonstrated cautious sentiment, with both companies experiencing increased investment activity despite recent outflows from spot Bitcoin ETFs.