Bitcoin Price Breaks Above $65,000, Here Are The Factors Behind It
Summary
Bitcoin has surged past $65,000, nearing its all-time high. It has outperformed most cryptocurrencies, with a 5% gain in 24 hours. Institutional buying pressure, indicated by the positive BTC Coinbase Premium Gap, is seen as a major driver of this rally. The gap reflects higher prices on Coinbase, favored by US-based institutional entities, suggesting strong buying pressure from American investors. This could signal further upward movement for Bitcoin.
