Why did bitcoin surge above $24,000?
Can you elaborate on the factors that contributed to the recent surge in Bitcoin's price, specifically the jump above the $24,000 mark? Did institutional investors play a significant role? Were there any specific events or announcements that sparked this increase? Did retail investors contribute significantly as well? And how do you interpret this surge in the context of Bitcoin's overall market volatility and long-term prospects? I'm interested in understanding the underlying dynamics that have led to this significant price movement.