Bitcoin (BTC) has reached a new milestone, surpassing the $95,000 mark for the first time ever. According to data from Cryptonewsterminal's market monitoring platform, BTC is currently trading at $95,021.3 on the Binance USDT market. This surge represents a significant increase from its previous record high of $91,000, set earlier this year. Several factors are contributing to this upward trend in BTC's price. One key driver is the increasing adoption of cryptocurrencies by institutional investors. Major financial institutions, such as pension funds and hedge funds, are allocating a portion of their portfolios to cryptocurrencies, viewing them as a hedge against inflation and a store of value. Additionally, the growing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs) is driving demand for BTC. DeFi platforms allow users to borrow, lend, and trade cryptocurrencies without intermediaries, while NFTs are unique digital assets that can represent ownership of various items, such as art, music, and collectibles. The rise of these use cases is increasing the utility and demand for BTC. Analysts believe that BTC's price could continue to climb in the coming weeks and months. The cryptocurrency is still in the early stages of adoption, and there is significant potential for further growth. However, it's important to note that the cryptocurrency market is volatile, and investors should exercise caution when making investment decisions.

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