Bitcoin surges past $107,500, just 2% shy of all-time high; Ethereum holds strong at $2,550

Bitcoin surged past $107,500 on Wednesday, nearing its all-time high, fueled by bullish sentiment and institutional inflows. Bitcoin futures open interest jumped, and U.S. spot Bitcoin ETFs saw continued net inflows. Ethereum has outperformed Bitcoin recently, testing the $2,500 resistance level, while altcoins like BNB, Solana, and Dogecoin also experienced gains.