Bitcoin, the largest cryptocurrency globally, has recently experienced a substantial increase in its value. This surge has stirred up fresh interest among investors and traders in the cryptocurrency market. Some experts predict that this surge marks the beginning of a new period for Bitcoin. This rise in Bitcoin's price is due to various factors, including the rising institutional interest, positive market sentiment, and recent regulatory changes.

One of the key factors driving the increase in Bitcoin's price is the growing institutional interest in the cryptocurrency. Financial institutions and major corporations are now acknowledging Bitcoin as a legitimate asset class. This recognition has resulted in an influx of institutional investments, further boosting Bitcoin's price. According to CoinDesk's recent report, institutional investors now make up more than 60% of the total Bitcoin market.