Bitcoin has surged past $96,000, marking its highest price since a February correction, driven by institutional interest and significant investments from treasury companies like Strategy and Metaplanet. The cryptocurrency has rebounded 28% from a low of $75,000 in early April, reflecting a strong recovery. Analysts attribute Bitcoin's price appreciation to sustained institutional interest, including major purchases by firms like Strategy, which recently bought $1.4 billion worth of Bitcoin, and Metaplanet, which has amassed $481 million worth and is opening a U.S. subsidiary. Steady capital inflows through exchange-traded funds (ETFs) also contribute to this momentum, which Ryan Yoon from Tiger Research sees as a transition of Bitcoin from a speculative asset to a staple in institutional portfolios. The surge in Bitcoin's value comes amidst a backdrop of market turbulence triggered by U.S. trade policies announced by President Donald Trump. While traditional safe-haven assets like gold experienced volatility, Bitcoin has been viewed as an alternative hedge against economic uncertainty. Andrew Lawrence from Funkybit expects Bitcoin to reach the $100,000 threshold given the uncertain global monetary outlook.