Bitcoin's recent surge to $12,000 has sparked renewed interest in the crypto market. As a trader, it's essential to understand the underlying factors driving this growth. Studies show that institutional investors are increasingly entering the market, driving up demand and prices. Furthermore, the halving of Bitcoin's block reward is expected to reduce supply and increase scarcity, potentially further fueling price growth.

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The institutional influx and block reward halving are indeed key drivers of Bitcoin's recent surge. As these factors continue to play out, I expect to see further price growth and increased adoption.