Bitcoin reaches a new high of $113,652, up 3.72% in 24 hours, nearing the $120K target with increasing institutional demand.
Ethereum outperforms Bitcoin, rising by 5.54%, as the overall crypto market cap hits $3.52 trillion, showing strength in the market.
Increased Bitcoin trading volume and open interest suggest growing investor confidence in the market, with indicators pointing towards a persisting bull market.
BTC's rally is fueled by expanding institutional interest, US regulatory support, and a declining dollar, making it an attractive asset with a bullish momentum.