Bitcoin's price reached a record daily close of $106,830, driven by increased investments in spot ETFs and concerns regarding fiscal health in major economies, including the U.S. The upcoming significant price level to watch is $110,000, where market dynamics could influence prices. Bitcoin, which can be traded 24/7, closed its daily candle at this new high, reflecting substantial demand and bullish sentiment. Market trends indicate that as the fiscal debt situation worsens, interest in Bitcoin and gold might rise. Positive buying pressure from U.S. investors continues as indicated by the ongoing favorable pricing difference across exchanges. Analysts suggest that a potential breakout above $110,000 could lead to accelerated rallying, with market makers holding significant net gamma exposure at this strike level. The options market has expanded notably over recent years, further impacting Bitcoin's price movement.

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