Bitcoin Hits Record High Above $96,000 Amid Market Volatility

Bitcoin prices have surged past $96,000, setting a new record high, and experts attribute this historic jump to growing institutional investment activity and the volatile nature of the cryptocurrency market. Institutional investors are increasingly allocating resources to Bitcoin, influencing market trends and signaling significant shifts in trading dynamics. This surge has also led to substantial market liquidations exceeding $1.1 billion as the market reacts to Bitcoin’s rapid rise.