Bitcoin Reaches New Heights

In a remarkable turn of events, Bitcoin has shattered records by climbing to an all-time high of $112,097 this Wednesday. This surge not only signifies a robust comeback from its June low of $98,000 but also eclipses the previous peak observed in May.

Driving Forces Behind the Rally

The cryptocurrency's impressive performance is attributed to a combination of sustained institutional interest, significant ETF inflows, and the growing anticipation of a Federal Reserve policy shift. By late afternoon ET, Bitcoin experienced a minor correction to $111,610, yet it maintained a 2.44% increase for the day.

Ethereum Joins the Rally

Not to be outdone, Ethereum also showcased strong momentum, advancing by 5.41% to reach $2,758.23, further highlighting the vibrant activity across the crypto markets.