Bitcoin Surges Above $61K Amid Major Investment Inflows

Bitcoin's price has recently surged above key levels, with some reports noting it surpassed $61,000 and others stating it approached or exceeded $97,000, driving increased excitement and volatility in the cryptocurrency market. This rally has led to over $100 million in liquidations and has been accompanied by significant inflows into US spot Bitcoin ETFs, particularly BlackRock’s iShares Bitcoin Trust, which has outperformed competitors and signaled renewed institutional confidence. Major Wall Street firms like Morgan Stanley and Charles Schwab are expanding their crypto trading offerings, further integrating digital assets into mainstream finance. Additionally, Cantor Equity Partners' merger with Twenty One Capital, backed by major crypto and financial players, has sparked a dramatic rise in its stock and ambitions to become a leading Bitcoin holding company. The combination of rising institutional involvement, new investment vehicles, and regulatory attention indicates a shift toward broader acceptance of cryptocurrency in traditional financial markets. Despite this momentum, some investors remain cautious due to regulatory uncertainties and market volatility.