Reasons for the growth of bitcoin. 25 Reasons Behind Growth Of Bitcoin Prices in [Updated]

UTC Updated Nov 30, mark trading p. Here are five reasons why the oldest and largest cryptocurrency has pushed to new highs.

Institutional interest Some institutional investors are taking on bitcoin exposure, such as buying into the publicly traded Grayscale Bitcoin Trust GBTCaccording to a Nov. Hedge fund managers have a long view Well-known hedge fund managers are increasingly calling bitcoin a long-term investment.

Analysts are positive Wall Street analysts have made positive comments over the past few days. The person-to-person payments network announced Oct. Some traders and analysts had speculated the end of a five-week suspension of withdrawals might translate into liquidations that could put selling pressure on the bitcoin market.

Treasury Department might be considering onerous cryptocurrency regulations. Subscribe to First Moverour daily newsletter about markets. Read more about Blockchain Cryptocurrency Bitcoin Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

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