Bitcoin has surged to a new high, reaching $105,000, the highest it has achieved in over three months. This peak reflects a robust increase in its market value amid a broader trend of risk-on trading in financial markets. Other cryptocurrencies are also experiencing gains, with Ethereum breaking $2.5K and altcoins showing strong performance. Bitcoin is currently $4,000 away from its all-time high. The rise in Bitcoin's value coincides with gains in major indices like the S&P 500, Nasdaq, and the Hong Kong stock market, each up more than 3%.