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Bitcoin Surpasses $52,000, Crosses $1 Trillion Market Cap—What’s Driving The Surge?
![Bitcoin Surpasses $52,000, Crosses $1 Trillion Market Cap—What’s Driving The Surge?](https://dailybusinessinvestor.com/wp-content/uploads/2024/02/1707943099-0_0-4-min-CEZEgc-800x457.png)
The surge in Bitcoin’s value past $52,000 and its market cap crossing $1 trillion could be driven by several factors:
1. Institutional Adoption: More and more major financial institutions and companies are accepting Bitcoin and other cryptocurrencies. This acceptance has made digital currencies more mainstream, boosting their value.
2. Retail Interest: The interest from individual, or “retail” investors, has significantly surged. Campaigns like “WallStreetBets” have further fueled this interest.
3. Limited Supply: