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    Bitcoin Soars to Record $107,700 as Trading Volumes Surge and Interest in Cryptocurrency ETFs Grows

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    30s Summary

    Bitcoin has reached a new high of $107,700 amid a surge in trading volumes and renewed interest in Coinbase Premium. Intense trading activity occurred at Binance and KuCoin, while companies like MicroStrategy and Semler Scientific made significant Bitcoin purchases. The Bitcoin network has seen an influx of over $3 billion daily for the past month. Bitcoin ETFs are also contributing to the cryptocurrency’s rise, with $2.17 billion flowing into them in a week. Investor Timothy Peterson predicts Bitcoin could reach $115K, but cautions investors to research thoroughly.

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    Hey guys, Bitcoin is smashing records lately! On Dec. 16, Bitcoin reached a crazy new high – a whopping $107,700. This huge price jump is happening alongside a continual rise in trading volumes and revived interest in the good ol’ Coinbase Premium during US working hours.

    Heaps of buying activity surged following a wild weekend. We saw some serious action at Binance and impressive future trading at KuCoin on Sunday, Dec. 15. Traders led Bitcoin to crush those pesky sell walls at $103,000 to $104,000.

    On top of all this trading excitement, there were also headline-grabbing Bitcoin purchases from MicroStrategy and Semler Scientific. Semler Scientific splashed out $21.5 million for 211 Bitcoins at $101,890 each, and MicroStrategy bought 15,350 Bitcoins at $100386 each, shelling out a massive $1.5 billion!

    Market analyst Willy Woo pointed out some mind-blowing data: over the past month, more than $3 billion per day has been piling into the Bitcoin network. This just goes to show how much people are loving Bitcoin right now.

    Don’t forget about Bitcoin ETFs either – they’re continually pushing Bitcoin to new heights. According to SoSoValue info, in the week ending Dec. 12, a staggering $2.17 billion flowed into the ETFs, taking the total worth to $114.97 billion.

    Bitcoin investor Timothy Peterson made a pretty bold prediction, saying Bitcoin’s price is likely to hit $115K, based on ETF fund flows. Always remember, though, investing can be a risky game – make sure to do your own research before making any decisions.

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