Bitcoin, the founder of all cryptocurrencies, has had a recent breakout, breaking previous records and getting closer to the magical milestone of $100,000. As of today, Bitcoin is trading at $99,137.26. But what is driving this crazy price surge? Let's analyze.

$BTC Why is Bitcoin skyrocketing?

Institutional acceptance: Giants like MicroStrategy and Tesla have actively bought Bitcoin, adding it to their balance sheets. The interest from these institutions is a significant signal of confidence in the future of Bitcoin.

Spot ETF approvals: The approval of spot Bitcoin ETFs has opened the door for retail investors, making it easier than ever to invest in Bitcoin without having to hold the asset.
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