Bitcoin Hits $100,000 Barrier Again: Favorable Economic Factors Fuel Continued Growth

After a period of decline, Bitcoin has surged back above the crucial $100,000 mark. This recent climb follows easing geopolitical tensions and positive macroeconomic trends. A report by crypto exchange Bitfinex attributes this positive momentum to increasing institutional interest and supportive economic conditions. 84% of bitcoin’s growth in 2023 was driven by institutional investors, according to the report. Analysts suggest that these favorable economic factors will continue to support Bitcoin’s trajectory in the coming weeks.