Bitcoin is continuing its bull run as it broke the $8,000 price barrier today, peaking at $8,315.52 behind a mix of positive news regarding interest from institutional investors.
Increasing interest from investment giant BlackRock could be fueling speculation as the world’s largest asset manager ($6.3 trillion in assets under management) is assembling a team tasked with finding opportunities within the cryptocurrency space.
Related: Bitcoin $8K Rally Could Just be Getting Started
After topping the $20,000 mark last December and then losing 60% of its market value, Bitcoin has rallied about 38% the past month after diving to just below $6,000.
