Bitcoin just broke through the $90,000 mark. Can these three major positive factors help it hold this price?
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According to CoinWorld, Bitcoin is poised for a potential rally. The ongoing low interest rate environment has reduced borrowing costs and encouraged margin trading. Institutional investors are continuously increasing their use of Bitcoin through ETFs and platform integrations, making it more accessible. In addition, governments around the world currently hold more than 2% of Bitcoin's total supply, further solidifying its status as "digital gold" and laying a solid foundation for Bitcoin to break through the $90,000 mark.
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