Published by
Benzinga
Benzinga
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…