Bitcoin reached a new all-time high of $116,508, driven by strong equity markets, record gold prices, and institutional interest.
Institutional adoption, including U.S. spot Bitcoin ETF flows exceeding $50 billion, is supporting Bitcoin's price and its role in investment portfolios.
Bitcoin's technical breakout, coupled with bullish chart patterns and institutional demand, is contributing to the current price strength.
Altcoins are beginning to show movement, with Ethereum, Solana, and others making gains, but Bitcoin remains in price discovery mode, presenting an opportunity to buy.