<ul data-eligibleForWebStory="false"><li>Bitcoin has reached a new all-time high of $118,400, driven by institutional inflows and reduced exchange liquidity.</li><li>Institutional accumulation, retail FOMO, and strategic institutional accumulation are fueling Bitcoin's rally.</li><li>Approval of spot Bitcoin ETFs in the U.S. has led to massive capital inflows and a surge in Bitcoin's price.</li><li>Bitcoin's current price is around $118,375, with a 6.7% increase in the past day and an 8.61% increase in the past week.</li></ul>

Bitcoin on a Steep Trajectory: New All-Time High at $118K- What is fueling BTC Price?

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