Bitcoin’s price has recently surged to nearly $90,000, reaching an all-time high.
This rally is driven by optimism around favorable regulatory changes and increased institutional interest. Analysts believe that Bitcoin could potentially hit $100,000 soon.
The U.S. Federal Reserve’s recent rate cut has also played a role in boosting Bitcoin’s appeal as an alternative asset.
Additionally, the approval of Bitcoin ETFs earlier this year has made it easier for institutional investors to access the cryptocurrency, further driving up demand.
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