Bitcoin (BTC) has reached a new record, crossing the $100,000 mark after a week of steady gains. The cryptocurrency rose 1.9% to $98,870.4 earlier and hit $99,289.3 during the session, posting a 9.1% weekly increase.
Experts link this rally to favorable U.S. regulations, growing interest in crypto options trading, and massive institutional investments. MicroStrategy purchased 51,000 BTC and plans to raise $2.6 billion for more. While the milestone signals strong momentum, high volatility and profit booking at this level may spark fluctuations.