Bitcoin Surges Past $94,000 on Institutional Buying

Bitcoin’s price has surged above $94,000, fueled by institutional investment and significant purchases by companies such as BlackRock and Michael Saylor’s Strategy, with BlackRock’s spot Bitcoin ETF now holding nearly 3% of the total supply. Institutional buying has driven exchange reserves to their lowest levels since 2018 and sparked a wave of bullish sentiment and increased trading volume. The price rally is also supported by technical breakouts, heightened on-chain activity, and a shift of Bitcoin into long-term corporate treasuries. Bitcoin now outperforms traditional equities, and its increased market dominance has caused volatility and surging activity among altcoins. AI-driven trading has become a major factor, now representing a substantial portion of the crypto market’s trading volume. These trends reinforce Bitcoin’s status as a leading institutional asset and suggest ongoing growth and volatility in the crypto sector.