Bitcoin Price Soars Past $24K as Institutional Demand Increases

 According to NewsBTC, Bitcoin's recent price rally has led to the cryptocurrency breaking past the $24,000 mark for the first time ever. The article suggests that this significant price increase is due to several factors, including increased demand from institutional investors and a decrease in the supply of Bitcoin due to the halving that occurred earlier this year.

In addition, the article notes that the ongoing COVID-19 pandemic has also played a role in driving up Bitcoin's price, as investors are looking for alternative investment options amidst global economic uncertainty. The article concludes by suggesting that Bitcoin's current bull run could continue, with some analysts predicting that the cryptocurrency could reach as high as $30,000 in the near future.