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

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

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    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.

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    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.

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    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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