UTC Updated Nov 30, at p.
Here are five reasons why the oldest and largest cryptocurrency has pushed to new highs. Institutional interest Some institutional investors are taking on bitcoin exposure, such as buying into the publicly traded Grayscale Bitcoin Trust GBTCaccording to bitcoin reasons Nov.
Hedge fund managers have a long view Well-known hedge fund managers are increasingly calling bitcoin a long-term investment.
Analysts are positive Wall Street analysts have made positive comments over the past few days. The person-to-person payments network announced Oct.
Some traders and analysts had speculated the end of a five-week suspension of withdrawals might translate into liquidations that could put selling pressure on the bitcoin market. Treasury Department might be considering onerous cryptocurrency regulations.
Why Does the Price of Bitcoin and Cryptocurrencies Go Up?
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