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  • Writer's pictureNoteworthy News

How ETFs and institutions are driving the surge in Bitcoin prices

Article Source: Reuters

As traditional institutions pour money into bitcoin, the cryptocurrency's latest meteoric rally to a record high may have more legs than in 2021, experts say.

The world's largest cryptocurrency, notorious for its volatility, touched $69,202 on Tuesday, driven by excitement over new U.S. spot bitcoin exchange-traded funds (ETFs) and expectations the Federal Reserve will begin cutting U.S. interest rates this year.

Image and article sourced from Reuters.


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