Bitcoin BTC Rises Today Three Key Reasons

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Weak tech corporate earnings, spot Bitcoin ETF inflows and the potential arrival of a new major investor drove Bitcoin price above $63,000.

Bitcoin rose by 4.5% from June 28 to July 1, breaking the $63,000 resistance for the first time in a week. 

The prior decline was largely due to fears stirred by the German government’s BTC transactions with exchanges and worries about Mt. Gox creditors selling large amounts of Bitcoin during the bankruptcy proceedings.


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