Bitcoin Surges Past $100,000 as Crypto Markets Rally

The cryptocurrency's milestone highlights renewed investor confidence, institutional support, and regulatory developments in 2024.

Bitcoin reached an all-time high of $103,679, driven by strong market momentum and institutional interest.
Ether is approaching $4,000, with analysts predicting potential gains fueled by reduced token supply and heightened on-chain activity.
The rally follows the U.S. CPI report aligning with expectations, paving the way for a Federal Reserve rate cut next week.
Institutional participation, including lobbying for a favorable regulatory environment, has bolstered market confidence in crypto assets.
Spot Bitcoin ETFs, approved earlier this year, and the entry of financial giants like BlackRock and Fidelity have further legitimized cryptocurrency as a financial asset class.