Bitcoin ($BTC ) has just hit a historic peak of $120,000, up 20% in a few weeks, according to CoinMarketCap and Coinbase (current price around $118,593-$122,624). The main driver comes from Bitcoin ETF funds, particularly BlackRock which holds over 700,000 BTC. ETFs are exchange-traded funds that allow investors to access BTC without having to own it directly, attracting significant institutional cash flow. Market sentiment is optimistic and the limited supply further pushes prices up. However, volatility remains a risk.
