Bitcoin (BTC) has surpassed $96,000, reaching a new all-time high. According to Coinnis market monitoring, BTC is currently trading at $96,031.83 on the Binance USDT market. This latest surge in BTC's price comes after a period of consolidation, with the currency trading in a narrow range for the past several weeks. However, with the recent breakout, BTC is now poised to challenge its previous all-time high of $97,000, set in November 2021. Several factors are driving BTC's current rally, including growing institutional adoption, increasing demand from retail investors, and the ongoing geopolitical uncertainty. BTC's strong fundamentals, such as its limited supply and decentralized nature, are also contributing to its bullish outlook. Analysts believe that BTC could continue to rally in the coming weeks and months, with some predicting that it could reach $100,000 or more by the end of the year. However, it's important to note that BTC's price is volatile, and it could experience significant fluctuations in the future.

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