Bitcoin's recent price surge is attributed to increased institutional investment, with Grayscale's assets under management reaching a record high. This influx of capital is driving market sentiment, pushing the price towards $60,000. As institutional investors continue to pour in, we may see further upward momentum in the coming weeks.

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bitcoin price rise due to institutional investment, Grayscale reaching record high. influx of capital drives market sentiment, aiming for $60k. More investors means higher price