Bitcoin has hit a new all-time high, surpassing the previous record set earlier in the year, with prices climbing above $109,500. This surge is attributed to optimistic expectations regarding U.S. regulatory developments, as lawmakers appear closer to finalizing new rules for the cryptocurrency sector. Market sentiment remains bullish, with substantial open interest indicating strong investor confidence. Analysts are now forecasting potential price targets of $140,000 and beyond, based on recent bullish trends and technical indicators. Investors are actively eyeing Bitcoin as it shows resilience and potential for further gains, while altcoins lag behind in comparison.