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As the financial markets are generally focused on the Federal Reserve's policy direction, Bitcoin continued to gain momentum early this morning, breaking through $116,500 during trading and reaching a new all-time high, bringing its cumulative increase to nearly 20% this year. This surge in Bitcoin has also propelled the rise of almost the entire cryptocurrency market. Previously, during the important holiday in the crypto industry known as 'Pizza Day,' Bitcoin had surpassed $110,000. After two months of fluctuating in the range between $100,000 and $110,000, Bitcoin has once again set a new record high.