Bitcoin (BTC), the world's leading cryptocurrency, has soared past the $99,000 mark, setting a new all-time high. According to Cointelegraph's market tracking data, BTC hit a peak of $99,068.71 on Binance's USDT market. This latest surge in BTC's value comes amidst a broader rally in the cryptocurrency market, which has seen several major coins reach new highs in recent weeks. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently surpassed $4,000 for the first time ever. Analysts attribute the recent surge in BTC's value to a number of factors, including increasing institutional adoption, growing demand from retail investors, and the halving event that occurred in May 2020. The halving event reduced the number of BTCs produced by miners by 50%, which has led to a decrease in supply and an increase in demand. As BTC continues to gain mainstream acceptance, its volatility is expected to decrease, making it a more attractive investment for institutional investors. This could lead to further growth in BTC's value in the long term. ```

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