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Institutional Investors Push Bitcoin’s (BTC) Price to All-Time High
A sharp increase in buying on the part of institutional investors is driving the price of Bitcoin to new all-time highs. The largest cryptocurrency by market capitalization has risen 4% in the past 24 hours to trade at just over $118,000, the latest all-time high reached in the past week. Bitcoin traded as high as $118,740 early on July 11 before pulling back to change hands at $118,135.14. Analysts say that the price of BTC is being driven sharply higher as a growing number of institutions join retail investors in buying Bitcoin. In particular, institutions are piling into Bitcoin exchange-traded funds, such as ... (full story)
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