Bitcoin Price Soars to Six-Week High: Institutional Inflows Fuel Surge

Bitcoin has experienced a significant surge, reaching nearly $94,000 and exceeding a six-week high. This rise is driven by substantial institutional inflows, particularly from prominent firms like BlackRock and Fidelity. Additionally, former U.S. President Donald Trump’s comments on monetary policy have contributed to market volatility. Experts are observing increased interest in Bitcoin as a potential hedge against geopolitical uncertainty.