Bitcoin's Rally Soars, Crossing $70K Mark

New Highs: Bitcoin price soared above $70,000, setting new records.

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Institutional Involvement: UK's FCA allowed institutional investors to create crypto ETNs, boosting confidence.

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Market Liquidity: The rally increased futures premium, attracting more traders and enhancing liquidity.

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Global Impact: Asian market conditions and decisions by financial authorities influenced Bitcoin's volatility.

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Technical Optimism: On-chain data and technical indicators fueled investor optimism for further price increases.

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