Bitcoin Surpasses $106,000: Why The Rise In Market Sentiment?

Bitcoin’s price surged past $106,000 on Monday, November 10th, fueled by favorable macroeconomic signals. The Federal Reserve’s end of quantitative tightening (QT) is believed to be the main driver behind this bullish trend, as it promises an injection of liquidity into financial markets. This shift coincides with speculation about the potential unlocking of the Treasury General Account (TGA), which could inject billions into the banking system.