Institutional Buying Fuels Bitcoin Past $105,000 Despite Market Fragility

Bitcoin has crossed the $105,000 mark, propelled by a surge in institutional investment and corporate demand despite lingering market volatility. Key factors contributing to this price spike include the continued growth of decentralized finance (DeFi) applications and strategic investments from large companies looking to diversify their holdings. This upward movement is occurring against the backdrop of fluctuating macroeconomic conditions, creating both optimism and uncertainty for investors.