Bitcoin’s price has experienced a surge over the past few days, reaching new heights above $100,000 and briefly exceeding the $104,629.84 mark. This optimistic trend is fueled by increasing DeFi activity and growing institutional interest, according to analysts. 740,000 active users are currently engaging with Bitcoin’s decentralized finance services, contributing to a market capitalization of $2.09 trillion. The 24-hour trading volume for Bitcoin has also soared to over $55 billion. 0.47% growth in TVL on May 18th further showcases the growing adoption of Bitcoin in DeFi. However, experts are cautiously optimistic about the current upward momentum and anticipate potential corrections as price reaches resistance levels.