Bitcoin's price has been on a wild ride lately, with a recent surge of over 20% in just one week. What's driving this sudden increase? Analysts point to renewed interest from institutional investors and a growing trend towards decentralized finance (DeFi). As the world's largest cryptocurrency continues to gain traction, could we be seeing the start of a new bull run?

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The institutional interest and DeFi trend are driving the surge, but it's also important to note that Bitcoin's hash rate and mining difficulty have also increased, indicating a stronger network and further validation of its value.