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Bitcoin’s value saw a significant increase of over 3% on Wednesday, reaching USD 65,758 and surpassing USD 66,000 in early Asian trading. This surge comes after a period of volatility for BTC, which has attracted a lot of attention from investors due to increased inflows and positive sentiments.
Cryptocurrency Surge
Other major cryptocurrencies such as Ethereum (ETH), BNB, Tether, XRP, Dogecoin, Cardano, Tron, Avalanche, and Shiba Inu also saw gains of up to 11% during this time.
- Ethereum (ETH)
- BNB
- Tether
- XRP
- Dogecoin
- Cardano
- Tron
- Avalanche
- Shiba Inu
On the other hand, Toncoin experienced a decline of over 1%. Despite this, the overall sentiment in the crypto market remains positive, with investors keeping a close eye on key resistance and support levels to predict future movements.
Investor Demand
Furthermore, there has been steady investment in regulated Bitcoin exposure through funds like BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, indicating strong investor demand.
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