Bitcoin’s rally from $12,000 has been mostly driven by “institutional hunger”: data

Bitcoin has undergone a strong surge over the past two months that has brought it from the $11,000-12,000 range to new all-time highs just shy of $20,000.
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How much is Square up from its Bitcoin investment?

After more than a decade since its inception in late-2008, Bitcoin has seen a massive rise from being an obscure internet currency used by drug dealers and shut-ins to a formidable asset class that attracts billions of dollars in trading volume each day.
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