Bitcoin rallies past $108,000 on renewed ETF investor appetite

Bitcoin climbed to fresh highs above US$108,200 on the back of positive exchange-traded fund inflows, marking a significant recovery in investor sentiment toward the world's largest cryptocurrency. The digital asset jumped as much as 7.7 per cent to US$87,354 during New York trading hours, demonstrating renewed appetite from both retail and institutional participants. The rally comes as market participants reassess their positions following a period of consolidation in crypto valuations. Exchange-traded funds tracking bitcoin have proven instrumental in driving institutional adoption since their introduction, with positive flows suggesting increasing confidence among traditional investors. Analysts attribute the surge partly to expectations around monetary policy and broader economic conditions affecting alternative asset classes across the region and globally.