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Bitcoin Hits $60,000 With Institutional Demand Still on the Rise


Bitcoin Hits $60,000 with Institutional Demand Still on Rise
Mar 13 2021 · 17:32 UTC | Updated
Mar 14 2021 · 11:37
by José Oramas · 3 min read
Photo: Depositphotos
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Bitcoin has reached a new all-time high of $60,310 this Saturday, finally breaking out of its consolidation zone between levels of $56k-$58k.
The recent rise in Bitcoin price came shortly after Michael Saylor, CEO of MicroStrategy Incorporated (NASDAQ: MSTR), announced his company bought 262 additional Bitcoins – approximately $15 million.
Institutional Demand for Bitcoin Still on the Rise
Not only MicroStrategy helped to boost BTC’s price.  Currently, the institutional demand for Bitcoin has not lowered since January. Several institutions in the finance industry are currently seeking ways of embracing BTC for its clients or investing in it as a store of value. ....

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