Bitcoin has evolved significantly, transitioning from a universal payment method to a highly sought-after investment asset among institutional investors. Its original volatility, which attracted retail investors seeking quick profits, has diminished as it now experiences steadier price movements. Over the past two months, the cryptocurrency has remained in a narrow trading range between $93,000 and $111,000 while still achieving all-time highs above $120,000. This shift indicates Bitcoin's growing acceptance and stability within traditional investment portfolios, marking a significant transformation from its speculative origins.
Bitcoin has transformed from a universal means of payment to a financial asset, now appealing to institutional investors who significantly influence the market.
The past two months have shown Bitcoin's price stability, trading between $93,000 and $111,000, a stark contrast to its previous volatility.
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