Bitcoin's latest price surge is largely attributed to the growing institutional interest in the asset. Yesterday, the SEC approved the first Bitcoin ETF, paving the way for more institutional investors to enter the market. This increased demand is expected to drive prices higher, potentially breaking above the $12,000 mark.

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The SEC's approval of the first Bitcoin ETF is a significant milestone, and it's no surprise that institutional interest is on the rise. This increased demand could indeed propel prices above $12,000, but it will be crucial to monitor liquidity and market sentiment in the coming days.