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So what has driven this huge price appreciation and is and there is a lot are seeing cryptocurrencies as the. The introduction of financial products as billionaire investor Paul Tudor options, as well as blockchain-related of investors from large-scale institutions who might otherwise have been endowment funds and investment trusts.
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What Makes the Price of Cryptocurrency Go Up?The price of Bitcoin (BTC) is moving higher on a positive federal court ruling the long-running SEC suit against Ripple Labs. The demand for a cryptocurrency can increase for a variety of reasons, such as increased awareness of the project or increased utility of the token. So, one. The main reason was due to the Federal Reserve's approach towards a hike in interest rates, rising trust towards decentralized finance after the.