<ul data-eligibleForWebStory="true"><li>Bitcoin has surpassed $106,000 following a 5% gain driven by two key developments.</li><li>Texas recently allocated $10 million in BTC, marking the first state-funded Bitcoin reserve.</li><li>ProCap announced a $1 billion BTC acquisition strategy inspired by MicroStrategy's approach, supported by a Nasdaq SPAC merger.</li><li>The actions by Texas and ProCap underscore increasing acceptance of Bitcoin as a treasury asset on political and corporate levels.</li><li>The 14-day Relative Strength Index (RSI) currently stands at 51.99, indicating neutral momentum and potential for further gains.</li><li>The Crypto Fear & Greed Index rose from 37 to 47 within 24 hours, reflecting improved market sentiment related to easing global tensions.</li><li>Bitcoin dominance remains stable at 64.35%, suggesting sustained capital inflow into BTC rather than altcoins during periods of institutional activity.</li></ul>

Bitcoin Is Back Above $106K After 5% Gains: What’s Driving the Surge?

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