🔥Why did Bitcoin price increase today?

at $31,431. This notable milestone comes as institutional interest in Bitcoin continues to grow, with notable firms such as BlackRock and Fidelity Investments recently filing for a Bitcoin spot ETF in the past two weeks. .

In addition to BlackRock's application, Deutsche Bank, another major player in the financial services industry, has also applied for a digital asset custody license in Germany. Furthermore, Valkyrie has filed for both a spot BTC ETF and a Bitcoin Miner ETF, showing the growing interest and participation of various institutions in the crypto space.