Bitcoin Soars Past $123,000 Amidst Institutional Buying
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Bitcoin surged past $123,000 on Monday, fueled by institutional investment and ETF inflows. MicroStrategy purchased $472.5 million worth of Bitcoin, adding to its holdings. Spot Bitcoin ETFs saw over $1 billion in inflows last Thursday and Friday. Optimism surrounding potential regulatory clarity from upcoming House votes on three crypto bills, including the CLARITY Act, also contributed to the price increase. This surge followed a week of significant institutional buying and positive investor sentiment.
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