Bitcoin Hits Record High of $72,000 Amid Crypto Rally

Bitcoin has skyrocketed to a new record high of $72,000, marking a remarkable rally supported by increasing institutional acceptance. The world's largest cryptocurrency has surged by nearly 70% since the start of the year, climbing from around $42,000. In addition to Bitcoin, the crypto market has seen the rise of other valuable tokens like Ether, Binance’s BNB, and dogecoin. This rally has been boosted by growing investor interest, the approval of crypto exchange-traded funds (ETFs), and regulatory developments, such as the U.K. permitting some Bitcoin-linked securities to be listed on the stock market. Furthermore, former President Donald Trump has expressed optimism about Bitcoin, indicating a shift from his previous negative stance.