Bitcoin has surged past $113,000, fueled by continued institutional interest. On September 28, investment firm Strategy acquired 196 BTC at an average price of $113,048, maintaining its 18-month buying streak. The firm now holds 640,031 BTC, valued at approximately $71.7 billion, representing about 3% of Bitcoin's circulating supply. Despite the bullish momentum, technical indicators such as the MACD histogram and positive funding rates suggest potential short-term volatility.
Bitcoin Surpasses $113K Amid Ongoing Institutional Accumulation
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