Bitcoin recently rose above $124,000, hitting a fresh record as institutional buying and expectations of looser monetary policy in the United States fueled the rally. The world’s largest cryptocurrency has climbed about 30% so far this year and soared 60% from April’s market lows.Institutional Inflows and Corporate Adoption A key driver of this rally has been inflows into spot exchange-traded funds and corporate purchases of bitcoin. Several public companies have followed the strategy of software-firm-turne ...