According to VanessaGrellet_, Bitcoin's price has increased in direct response to heightened concerns over fiscal irresponsibility among major economies (source: @VanessaGrellet_). Traders are monitoring this trend closely, as persistent government spending and ballooning deficits are fueling demand for decentralized assets like Bitcoin. The current price momentum is being driven by investor flight from fiat currencies perceived as vulnerable to inflation and devaluation, which could signal further upward movement for BTC in the near term. Crypto traders should watch for related macroeconomic policy announcements as they may continue to impact Bitcoin's direction (source: @VanessaGrellet_).