Bitcoin (BTC), the leading cryptocurrency in the market, has seen a remarkable rise in positive momentum, surpassing previous cycle trends and achieving an impressive 60% price growth in the last month. Bitcoin hit a new all-time high of $69,200 today, surpassing its previous record on the daily chart. BTCUSD chart on TradingView.com. The rapid increase in the value of Bitcoin. The positive performance of Bitcoin spot ETFs, which have only been trading for slightly over seven weeks, has created opportunities for both institutional and retail investors. The approval from the SEC for these investment products has created a regulated and easily accessible way for individuals to enter the cryptocurrency market. This progress has increased interest and confidence, resulting in a surge in demand for BTC and driving its price to record levels. Crypto analyst Mark Harvey has forecasted positive outcomes for Bitcoin as its value continues to rise. One of the reasons for his optimism is the possible loss of trust in traditional banks following the collapse of regional banks and subsequent government bailouts.