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Bitcoin surged past $118,000, setting a new all-time high with over $81 billion in trading volume. Institutional confidence, rather than retail traders, is driving this rally, signaling long-term credibility for crypto.
- Bitcoin surged 6.2% to a new all-time high of $118,000, with $81 billion in daily trading volume.
- Institutional investors are driving the rally, enhancing long-term credibility for the crypto market.
- Exchange flows dropped to a three-year low of $2.39 million, indicating reduced selling pressure.
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