#BTCBreaksATH Bitcoin has surpassed 113,000 US dollars for the first time. So why did this significant increase happen?

The issue has several interconnected reasons.

There have been huge inflows from large financial institutions starting to invest their money in Bitcoin after investment funds like Crypto Blue Chip ETF emerged, which combines Bitcoin, Ethereum, and Solana. This has created a new sense of trust among both large and small investors.

Also, American policies have become more flexible towards crypto, especially after the current administration announced its intention to support innovation and clear regulations instead of tightening restrictions. This reassured the market and increased demand.

Additionally, there is an emotional aspect; many people see Bitcoin as digital gold, a means to preserve the value of their money amid inflation and economic turmoil.