Bitcoin (BTC/USD) has risen to 94,743 USD, reflecting a 1.04% increase attributed to positive market sentiment. Factors driving this include El Salvador’s continued accumulation of Bitcoin and institutional efforts toward ETFs, enhancing overall confidence.
El Salvador’s addition of seven Bitcoin, valued over 650,000 USD, raises optimism despite existing IMF restrictions. Additionally, Michael Saylor is hinting at a substantial purchase between 1.4 and 1.6 billion USD, which could further influence the market favorably.
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