Bitcoin has experienced a significant price increase, reaching a new all-time high of $94,477. This surge comes after a recent decline to $87,000.
The main driver behind this upward momentum is the launch of BlackRock's iShares Bitcoin Trust (IBIT), which is now available for options trading. Investors have shown renewed interest following this development.
The successful launch of BlackRock's ETF is seen as a major milestone in integrating Bitcoin into traditional financial markets, contributing to the increased demand and price escalation.
