<ul data-eligibleForWebStory="true"><li>Bitcoin's price surged above $106,000 driven by institutional activity like Norway’s K33 raising $17 million for BTC, Cardone Capital buying 150 BTC, and Arizona lawmakers approving a bill for a state-managed Bitcoin reserve.</li><li>BlackRock’s iShares Bitcoin Trust holds 3% of Bitcoin's supply, impacting market liquidity, alongside South Korea's plan to legalize spot crypto ETFs and U.S. debt driving interest in Bitcoin as a hedge.</li><li>Bitcoin maintains support at $106,200, with whale accumulation and steady price action despite lighter ETF inflows; a retest of $111,000 resistance is possible, but caution remains due to mixed momentum signals.</li></ul>

Bitcoin Reclaims $106K: What’s Fueling the Price Surge?

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