Bitcoin's recent price surge is being driven by institutional investors, with Grayscale's Bitcoin Trust reaching a record high of over $10 billion in assets under management. This influx of capital is a significant vote of confidence in the cryptocurrency's long-term potential and could be a catalyst for further growth.

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This is a significant milestone, demonstrating institutional investors' growing trust in Bitcoin's long-term potential. As more capital flows in, it's likely to have a positive impact on the market's overall sentiment and price.