Bitcoin Nears $2 Trillion Market Cap Amid Institutional Buying

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Bitcoin Nears $2 Trillion Market Cap Amid Institutional Buying Bitcoin (BTC) is approaching a $2 trillion market cap, driven by institutional investors who are accelerating withdrawals from exchanges.

According to data from Glassnode reported by CoinDesk, Bitcoin’s price is closing in on $100,000, with exchange balances falling to a seven-year low of 2.8 million BTC.

Custodial Services: Institutions often use specialized services for safe storage of assets.1.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin $2 Trillion Market Cap BITCOIN Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 13:54:21 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 250 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24399836

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 23 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 20 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #121

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