Bitcoin's recent rally, crossing the $100K threshold, is attributed to several key factors. The primary driver is increasing institutional interest in the cryptocurrency market, which has provided significant backing to Bitcoin's price.
Additionally, the development of crypto-friendly policies in various jurisdictions has spurred positive sentiment and investment in Bitcoin, further propelling its value.
Furthermore, growing global support for Bitcoin has emerged as more countries and companies recognize its potential as a digital asset and means of investment.
