Bitcoin Hits New All-Time High: How Much Higher Can It Go?

Bitcoin price continued its upward trajectory on Thursday, soaring to a fresh bitcoin all-time high of $111,861 during early European trading hours. The world’s largest cryptocurrency has now surpassed its previous record set just before former President Donald Trump's January inauguration. Since plunging to around $76,000 in April, amid investor flight from risk due to escalating global trade tensions, BTC has gained approximately 45%, buoyed by easing macroeconomic fears and renewed appetite for digital assets. Bitcoin (BTC) price reached a new ATH of $111,861.22 on May 22. Source: TradingView Why is Bitcoin Price Surging? Momentum picked up this week

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