Bitcoin has reached a new high, surpassing $111,000 driven by growing investor confidence and increased ETF inflows.
Bitcoin's surge has led to a rise in other altcoins like Ether, Cardano, and Solana as global interest in crypto grows.
ETF inflows for Bitcoin have seen continuous growth, with BTC spot ETFs receiving over $600 million in new investments.
BlackRock's IBIT saw the highest daily increase, reaching $46.68 billion, followed by Fidelity's FBTC with $11.83 billion. The rise in Bitcoin is seen as a reflection of growing trust in cryptocurrencies as an alternative financial asset.