Chinese-based auto trading platform Cango Inc. has shown strong trust in cryptocurrency by acquiring 933.8 BTC, worth approximately $91 million. The company's Bitcoin mining operations saw a significant growth, with a 56% increase in December's output compared to November. Cango's decision to hold its mined Bitcoin suggests a bullish shift for Bitcoin's price trends. This move, along with other companies investing in Bitcoin mining, may potentially influence the broader market and the price of Bitcoin. Currently, Bitcoin is trading at $96,562 with a market capitalization of $1.9 trillion.



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