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Bitcoin rallies near record high
Renewed institutional interest is driving Bitcoin near its previous record highs, boosting confidence across the cryptocurrency market and supporting a broad-based rally among major digital assets.
Bitcoin surged to $123,874, approaching just 1% below its August peak, following a strong October rally fueled primarily by robust institutional demand. This renewed buying interest boosted Bitcoin’s price and positively impacted related assets, including Bakkt stock. The rally reinforced confidence across the broader cryptocurrency market, lifting altcoins and encouraging both retail and institutional participation. Analysts note that sustained interest from large investors and growing adoption are key drivers supporting continued market strength.