Institutional Demand Drives Bitcoin to New Highs
Tickmill Group analyst Patrick Munnelly stated in a report that Bitcoin has reached an all-time high, driven by institutional investor interest and supportive measures from President Trump. He noted, "The recent surge in Bitcoin's value has been fueled by sustained institutional buying, with large-scale purchases of available supply leading to a continuous decline in liquidity on trading platforms." In addition, Trump has ordered the establishment of a strategic Bitcoin reserve, and the U.S. Senate passed a bill last month providing a regulatory framework for stablecoins.
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