Bitcoin has surged to a new all-time high, surpassing its previous record of $108.8k USD ($168k AUD).Institutional inflows into spot ETFs and improving macroeconomic conditions have fueled this rally.Despite global economic uncertainty earlier in the year, the cryptocurrency market has shown resilience and growth.Coinbase's entrance into the S&P 500 and increased institutional investments in crypto assets have contributed to this upward trend.