Bitcoin Rises to a new Record Level Above $111,000. Robinhood is Riding the Crypto Wave!
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Crypto fans are smiling with Bitcoin's rise. Bitcoin has surged to a new high beyond $111,000. This marks a decoupling of the cryptocurrency from the pullback in tech stocks. The reason lies in the growing interest from institutional investors. They now hold 28% of all shares in Bitcoin ETFs compared to 20% at the beginning of the year. Additionally, more banks are allowing their customers to purchase Bitcoin, and the USA is building a strategic reserve. Saudi Arabia is also involved in Bitcoin with over $400 million. With the decreasing correlation...
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