Bitcoin has reached a record high of $110,788.98, marking the first time it has crossed the $110,000 threshold after gaining 3% in just 24 hours. This rise surpasses its earlier peak of $109,458, achieved on the same day. The largest cryptocurrency has increased 17.5% this year and rebounded 47% since falling to $75,000 in early April. The recent surge in Bitcoin prices occurs amidst a volatile period in US stock markets, which were affected by rising treasury yields following a weak bond auction. Experts suggest that the new price high reflects a more mature investor interest shaped by institutional participation and improved regulatory clarity, contrasting with the speculative behavior seen in earlier market cycles. Google Trends data indicates a decline in retail interest, suggesting a cooling market sentiment, as shown by the Crypto Fear & Greed Index which recorded a score of 72, indicating 'greed'. Analysts predict potential future price milestones for Bitcoin, with estimates of reaching $160,000 by the year’s end and up to $1 million by 2030.

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