Bitcoin Price Surges Past $98,000 Following Major Institutional Investment Announcement
NEW YORK — The price of bitcoin has skyrocketed to over $98,000 this morning, marking a significant increase of 7.5 percent in the last 24 hours.
This surge comes after a leading global investment firm revealed a multi-billion-dollar allocation to the cryptocurrency, signaling a major shift in mainstream financial adoption.
According to market data, trading volumes on major exchanges have doubled in the past six hours, with experts attributing the rally to the announcement of large-scale purchases.
The move has prompted a wave of renewed interest from retail and institutional investors alike, as analysts now speculate on whether the bitcoin price will surpass the $100,000 threshold in the coming days.