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Bitcoin Rallies Past $118K to Hit Record High

  • Bitcoin has surged to a new all-time high, surpassing $118K in early trading, driven by institutional participation and tightening supply.
  • Key drivers behind the rally include institutional investments, evolving valuation frameworks, strong on-chain metrics, record miner revenues, and growing confidence post-halving.
  • This milestone highlights Bitcoin's increasing influence in global finance, with a shift towards institutional adoption and recognition as a mature macro asset class.
  • The surge to $118K signifies a fundamental change in how Bitcoin is perceived and integrated into investment portfolios, paving the way for a more sustained phase in its evolution.

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