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Bitcoin rises past $63K amid outflows
Bitcoin’s price has risen slightly to approximately $63,558 after suffering an 18% weekly loss. Despite the increase, the market remains cautious due to pressures from institutional selling and geopolitical tensions in the Middle East, which saw outflows from investment funds totaling $1.72 billion over the week. Overall, external outflows have reached $5.4 billion over four consecutive weeks. Some investors took advantage of the price decline to boost their holdings, such as Strategy Company, which purchased 1,550 Bitcoin for $101 million to strengthen its reserves.
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