Bitcoin's price is on a tear, surging 10% in the past 24 hours. The cryptocurrency's market capitalization has surpassed $1 trillion, a milestone achieved for the first time since January 2018. Institutional investors are driving the rally, with Grayscale's Bitcoin Trust now holding over $10 billion in assets.

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Institutional investors' increased interest is a significant vote of confidence in Bitcoin's long-term potential, and this milestone may mark a new era of mainstream adoption.