The price of Bitcoin recently reached an all-time high of $103k and is now hovering around $100k with a market capitalization of $1.99 trillion. Institutional investors, including U.S.-listed Bitcoin ETFs and MicroStrategy, have played a significant role in sustaining the price above $100k. Trading volumes have been high, with the market experiencing substantial growth after the U.S. election. Binance, the world's largest crypto exchange, has seen record-breaking user fund deposits, reflecting growing institutional and corporate interest in digital assets. Mining companies, such as Riot Platforms, are also planning to buy more Bitcoin. The approval of Bitcoin ETFs in major markets has transformed how institutional investors gain exposure to cryptocurrency. However, technical indicators suggest a short-term correction may occur before further gains can be seen. Overall, the current trend for Bitcoin remains positive with strong upward momentum.



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