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Bitcoin (BTC) Price Rise Fuelled by U.S. Investors Bolstering Their Position Ahead of Potential Spot ETF Approval: Matrixport

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Matrixport notes there are about 420 million- 440 million cryptocurrency owners globally. 260 million are in Asia, 54 million in North America, 38 million in Africa, 31 million in South America and 1.5 million in Oceania. While Asia is the largest group by far, the “buying power of U.S. traders and institutions is a magnitude larger,” the report said.

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