Bitcoin Breaks Record at $111,000: Institutions Driving Crypto Boom

Bitcoin reached a historic high of US$111,000 earlier today, breaking its previous record and sparking excitement in the crypto market. This surge reflects a strong upward trend since early April, with Bitcoin’s price surging over 43 percent since touching lows below US$76,000 in April. Analysts attribute this rise to significant institutional investment driven by spot Bitcoin ETFs and global economic shifts. 24-hour trading volume for the asset reached a staggering US$91.4 billion, indicating heightened market activity.