Bitcoin keeps rising, now surging above the $54,000 resistance line and reaching the $54,500 level on the Binance exchange.
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The massive inflows of cash into Bitcoin from major financial institutions are pushing the flagship cryptocurrency further North.
![Article image](https://u.today/sites/default/files/styles/736/public/inline-images/BTC_ATH_54500_0.jpg)
Earlier today, it was reported that the business intelligence behemoth MicroStrategy raised over $1 billion to invest in Bitcoin.
Elon Musk has also explained his choice of Bitcoin for Tesla, saying that it is a slightly “less dumb form of liquidity compared to fiat”.
Besides, Bitcoin has officially reached a $1-trillion market cap level.
Earlier today, BTC hit a new peak level of $53,000.