Bitcoin broke the $100,000 level for the first time in its 15-year history, gaining 7.2% in the past 24 hours and reaching a record high of over $103,670. The surge is attributed to increased institutional demand, rising ETF inflows, improved sentiment in traditional finance circles, and optimism around the upcoming presidency of Donald Trump. Despite concerns of a market top, traders believe there is more room for a rally due to demand waiting for BTC to break $100,000 and the potential for further mainstream media attention and institutional investment. The confidence is also supported by a favorable regulatory environment and the appointment of Paul Atkins as SEC chair. On-chain demand and macroeconomic indicators suggest Bitcoin still has momentum to push higher.
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