Bitcoin has experienced a recent price surge, driven by institutional investments and developments in the crypto infrastructure. It is currently trading at around $97,601, with a high of $98,895. The entry of major financial institutions into the crypto space, such as State Street and Citi Bank, is solidifying Bitcoin's status and fueling its upward momentum. This influx of institutional capital also has positive effects on altcoins, particularly Ethereum and Solana. Analysts have mixed opinions on whether Bitcoin will surpass the $100K mark in 2024, with optimistic forecasts and cautious outlooks. While the market appears poised for further growth, volatility remains a concern, and investors should stay informed and consider the macroeconomic landscape.



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