(MENAFN- Investor Brand Network) Bitcoin's surge in value this month has drawn the attention of many, and the reasons behind the increase are not what one might expect. The world's largest digital currency has experienced a notable increase of
more than 12% since the start of june . Last Wednesday, it surpassed the $30,000 mark, reaching its highest point since mid-April, as confirmed by data from
coin metrics .
While some attribute the recent increase to the announcement that BlackRock, a prominent asset management firm, had filed for a bitcoin etf that monitors the underlying asset's market price, there is more to it than meets the eye. The significant movement can be attributed to a factor beyond the...
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