Bitcoin is once again making headlines as it nears the coveted six-figure mark. The world’s largest cryptocurrency has been on a steady rise in recent weeks, and its price strength has received a fresh boost from positive US macro data.

At the time of writing, Bitcoin is trading at around $97,000, just shy of the $100,000 mark. This is a significant milestone for the digital asset, which has seen a meteoric rise in value over the past year. In fact, Bitcoin’s price has more than quadrupled since the start of 2021, making it one of the best-performing assets of the year.

The recent surge in Bitcoin’s price can be attributed to a number of factors, including increased institutional adoption and growing mainstream acceptance. However, the latest boost comes from positive macro data out of the US, which has helped to further solidify Bitcoin’s position as a safe-haven asset.

The US economy has been showing signs of recovery, with strong job growth and a rebound in consumer spending. This has led to a surge in the stock market and a weakening of the US dollar. As a result, investors are turning to alternative assets like Bitcoin to protect their wealth and hedge against inflation.

In addition to the macro data, there are also other factors at play that are driving Bitcoin’s price higher. These include the upcoming launch of Bitcoin futures ETFs, which are expected to bring in a new wave of institutional investment. There is also the ongoing debate around Bitcoin’s potential as a store of value and its role in the future of finance.

Overall, the future looks bright for Bitcoin as it continues to gain mainstream acceptance and attract more investors. With its price nearing the six-figure mark, it’s clear that Bitcoin is here to stay and is poised for even greater growth in the years to come.