US Investors Fuel Bitcoin’s Meteoric Rise Amid Institutional Buying Frenzy

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American investors are increasingly flocking to Bitcoin (CRYPTO: BTC) as major financial institutions ramp up their engagement, bolstering the cryptocurrency’s recent surge. This information was highlighted by K33 Research, a cryptocurrency analytics firm, in one of their reports, Coindesk reported. Bitcoin witnessed a remarkable 85% surge this year, outshining the majority of the cryptocurrency market. This positive trend is attributed to the growing involvement of financial giants such as BlackRock Inc (NYSE: BLK), Fidelity and Citadel, which has been a catalyst in boosting investor confiden…

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