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Bitcoin Gains Momentum

From dailyforex.com

Bitcoin price continued its strong surge as sentiment in the financial market improved. The BTC/USD pair was trading at 123,000 on Thursday after hitting an all-time high of $124,000. It has now surged sharply from the April low 74,500. Bitcoin soared as the sentiment in the crypto industry accelerated. A good example is that Bullish, the parent company of CoinDesk went public on Wednesday and its stock surge by over 200% giving it a market capitalization of over $13 billion. More data shows that American institutions, including endowment funds, have started to buy Bitcoin ETFs. For example, Brown University and ... (full story)

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  • Category: Technical Analysis