Bitcoin has reached a new all-time high of over $125,700, driven by macroeconomic forces and increasing institutional buying. Analysts now expect a potential run to $150,000 due to strong bullish sentiment and previous seasonal patterns that prefer further appreciation.
The recent price spike is the result of the U.S. government shutdown and a dollar depreciation, where investors have been treating Bitcoin as an asset. Record inflows into spot Bitcoin ETFs point to deepening institutionalization, giving fuel to the cryptocurrency’s uptrend.
Source: Cryptobreaking.com
