Bitcoin Is On The Rise With Institutional Investments!

Bitcoin was on the rise on Tuesday, following the news of institutional investors' interest.

Bitcoin is on the rise with institutional investments. The popular cryptocurrency gained buyers around $ 54,000 on Tuesday, following news of institutional investor interest. With the resumption of corporate interest in cryptocurrencies, Bitcoin, which is just below the level of 55 thousand dollars, gained 4.1 percent at 11:41 TSI and traded at the level of 54,030 dollars. In a note shared by Oanda Senior Market Analyst Edward Moya, “The rise in Bitcoin and Ethereum is back with massive flows of money to cryptocurrencies. Institutional interest in cryptocurrencies still seems strong .” Goldman Sachs announced that it will re-establish the crypto currency upon request from the institutions, while oil billionaire Kjell Inge Rokke announced that he will invest in BTC and other crypto with a new venture called Seetee. Evercore ISI Strategist Rich Ross announced that Bitcoin is in a strong position and could rise to the level of $ 75,000.