"Bitcoin reached a new all-time high of $118,900, surpassing its previous record of $113,822. Its current price is around $117,400."
"Bitcoin's price resurgence above $76,000, climbing from a low of nearly $49,000 last August, marks a significant milestone."
"Analysts suggest that a price increase to $150,000 could trigger a buying frenzy, reflecting Bitcoin's unpredictable nature."
"Factors contributing to Bitcoin's surge include President Trump's pro-crypto stance and increased interest from institutional investors."
Bitcoin achieved an all-time high of $118,900 after surpassing the previous record of $113,822. The current price sits at approximately $117,400. This milestone indicates a resurgence from its low of $76,000 in early April and a dramatic drop to near $49,000 last August. Analysts speculate that exceeding $150,000 could trigger a buying frenzy. Contributing factors to Bitcoin's surge include President Trump's pro-crypto stance, which has piqued institutional investor interest, as they anticipate a larger role for cryptocurrencies in the financial sector.
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