Bitcoin Price Rises to Six-Week High at $93,500, Spurred by Increased Institutional Buying

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Bitcoin surged to a six-week high on Wednesday, fueled by increased institutional buying and positive ETF flows. The cryptocurrency jumped six percent on international exchanges, reaching $93,455 (roughly Rs. 79.8 lakh). Indian exchanges witnessed an even steeper rise, with Bitcoin trading around $93,680 (roughly Rs. 80 lakh), reflecting a nearly seven percent increase in the last 24 hours. This rally was not isolated; most altcoins also experienced a boost in value alongside Bitcoin’s impressive performance. Analysts attribute this positive momentum to growing institutional interest and the success of Bitcoin spot ETFs, indicating a renewed confidence in the cryptocurrency market. This widespread uptrend signals a potentially bullish phase for the digital asset landscape.

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