Bitcoin Hits New All-Time High Above $109,300 Amid Institutional Buying

Bitcoin recently surged to a new all-time high, surpassing $109,000, driven by increased institutional buying and positive regulatory developments. The cryptocurrency has seen a nearly 25% increase over the past month, fueled by optimism about its long-term potential as a macro asset and a strengthening regulatory outlook, including a key procedural victory in the Senate on stablecoin regulation. Industry experts highlight a shift from 'sell the rip' to 'buy the dip' market sentiment and note the pro-crypto stance of the current SEC chair as pivotal factors supporting growth. Coinbase's inclusion in the S&P 500 index marks a symbolic milestone for the crypto industry’s growing institutional acceptance. This rally follows a rebound from lows earlier in the year and reflects broader momentum as corporations and regulated funds increase their exposure to digital assets. The positive climate has also encouraged new fund launches and expanded financial services within the crypto space.