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.