Bitcoin Hits Eight-Week High Near $97,700 Amid MicroStrategy Buy and Positive US Data

Bitcoin surged to an eight-week high near $97,700, driven by MicroStrategy's $1.25 billion Bitcoin purchase, favorable US inflation data, and positive regulatory developments. This boosted investor confidence and increased cryptocurrency market capitalization to around $3.25 trillion. While major altcoins showed mixed performance, institutional demand and ETF inflows supported the rally. Binance co-founder Changpeng Zhao expressed long-term optimism, predicting Bitcoin could reach $200,000 amid evolving market dynamics and regulatory shifts.