Bitcoin has hit a new all-time high by soaring past $106,000, which raised its total value to over $2 trillion. This surge is driven by factors such as supportive pro-crypto policies currently being enacted.
One major catalyst is MicroStrategy, the largest Bitcoin holder, joining the Nasdaq 100 Index, which has significantly boosted investor confidence. This newfound optimism among investors is leading to ambitious future targets for Bitcoin, such as $120,000.