Bitcoin Thrives On Institutional Investment: Surge Fuels Record Demand

Bitcoin’s price has experienced a remarkable surge, exceeding the $100,000 mark as institutional investors drive demand to new heights. This rise is fueled by robust inflows into spot Bitcoin ETFs and a strong ‘buy the dip’ mentality among investors following a recent downturn to around $75,000 in April. The momentum has propelled Bitcoin’s price to a fresh all-time high of $106,000 according to analysts from Glassnode. While a potential pullback might be expected, experts suggest that Bitcoin could find strong support in the range of $93,000 to $95,000. 📈