Bitcoin has once again rewritten the history books, surging past $113,800 on Thursday and notching its second all-time high in less than 24 hours. The world’s largest cryptocurrency is now up over 21% year-to-date, reflecting a robust risk-on sentiment across global markets and a renewed appetite for digital assets. The latest milestone comes after a steady climb that saw Bitcoin briefly surpass $112,000 on Wednesday before powering through to new heights the following day (source Business Insider).
ETF Inflows and Corporate Adoption Fuel the Surge
This rally is underpinned by strong inflows into Bitcoin-focused exchange-traded funds (ETFs), which have attracted more than $1.5 billion in the past week alone. Institutional investors are increasingly viewing Bitcoin as a legitimate asset class, integrating it into traditional portfolios and corporate treasuries. Notably, major corporations continue to add Bitcoin to their reserves, signaling long-term confidence and a fundamental shift in how digital assets are perceived by mainstream finance (source IG).
Regulatory Environment and Market Sentiment
The current rally is also supported by a favorable regulatory environment in key markets. Recent policy signals from the U.S. and other major economies have provided clarity and legitimacy, encouraging further adoption. Analysts highlight that the macroeconomic backdrop, including the prospect of interest rate cuts by the U.S. Federal Reserve, has boosted investor sentiment and risk appetite. The technical breakout above $113,000 represents a significant milestone, with bullish momentum and trading volumes confirming genuine buying interest (source CoinDesk).
Analyst Outlook: Is $140,000 Within Reach?
Looking ahead, market analysts remain optimistic. With institutional platforms expanding access and corporate treasuries deepening their exposure, some experts predict that Bitcoin could reach $140,000 before the end of the year. However, technical analysts caution that the market is entering overbought territory, which could lead to short-term corrections even as the long-term bull case remains intact. The ability to maintain support above $110,000 will be crucial for sustaining the current uptrend (source CoinDesk).
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