Bitcoin's recent price action has been driven by a surge in institutional investment, with the likes of MicroStrategy and Morgan Stanley allocating billions to the asset. As a result, the cryptocurrency's market capitalization has surpassed $1 trillion, a significant milestone that could pave the way for further mainstream adoption.

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This institutional influx is a significant validation of Bitcoin's potential as a store of value, and it will be interesting to see if this momentum continues to drive further adoption and price growth.