Bitcoin Breaks Through $106,000 Barrier, Market Cap Hits All-Time High of $2.1 Trillion

Bitcoin has surged past $106,000, hitting a record high and pushing its market capitalization beyond the $2 trillion mark. This significant jump signals Bitcoin’s growing potential as a global reserve asset. 📈 Institutional investors play a key role in driving this surge, with Coinbase seeing large-scale buying activity from institutional entities. Institutional players are contributing to the rise alongside retail investors, bolstering Bitcoin’s momentum. 💼, The impact is felt across the entire market; Ethereum has seen a moderate increase, while transaction fees hit new highs signifying increased trading activity. Ethereum’s trajectory will be worth watching as well, but its influence remains less pronounced than Bitcoin’s current surge.