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Bitcoin surges amid stock market stability – are highs above 109,000 USD next?

Over the past year, Bitcoin has surged from 38,000 USD to 109,000 USD, attracting institutional investors. The correlation with the U.S. Stock market indicates Bitcoin’s perception as a traditional asset, which may enhance its acceptance and drive further growth.

Analyses suggest Bitcoin might reach 107,000 USD soon due to favorable conditions. Additionally, recent political changes and anticipated regulatory easing could further legitimize Bitcoin among institutional investors, encouraging growth and stability in BTC pricing.

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