Bitcoin’s Meteoric Rise to $62,729 Fueled by Strong Institutional Demand
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Bitcoin (BTC) recently soared to an intraday peak of $62,729 on the Bitstamp exchange, marking a notable rally for the cryptocurrency. In just four days, Bitcoin experienced a 26% hike, driven primarily by strong institutional demand.
The rapid ascent highlights the increasing interest from institutional investors in the cryptocurrency market. This spike in interest has been a significant factor driving Bitcoin's recent price movements.
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