Bitcoin experiences a sharp rise to $69,000 after considerable investments are made.

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The value of Bitcoin (BTC) has risen above $69,000, indicating positive trends despite a decline over the weekend. Within the last 24 hours, BTC has increased by 1.3% and is trading at $69,080. Its market value has surpassed $1.35 trillion and trading volume is at $22.7 billion.

Major investments in the Bitcoin ecosystem have contributed to this growth. Paradigm helped Babylon, a staking protocol, raise $70 million. Additionally, Tether, issuer of the USDT, has invested up to $150 million in Bitdeer, a prominent Bitcoin mining company.

In other news, the Republic of Tatarstan plans to create the largest Russian Bitcoin mining company, valued at $100 million. The project will be overseen by Innopolis Tech, a fintech company led by a former Russian minister of communications.

According to data from Santiment, the number of active addresses on the Bitcoin network has decreased in the past four days, while the total supply in profit has slightly increased. The BTC Relative Strength Index (RSI) currently stands at 54, suggesting favorable conditions for further bullish momentum.

For more information on the movement of Bitcoin prices and market trends, please visit crypto.news.