Bitcoin price rises above $57,000 as big buyers arrive

Bitcoin hit a two-year high on Tuesday,

on track for its biggest two-day rally this year

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As big players were buying the cryptocurrency

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while smaller rivals Ether rose above $3,200 for the first time since 2022.

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Bitcoin has rallied more than 10% in two sessions

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helped by Monday's disclosure from crypto investor and software firm MicroStrategy (MSTR.O)

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Opens a new tab It recently purchased approximately 155 Bitcoins for an outlay of $3,000 million.

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The original and largest cryptocurrency by market cap also recently got a boost from the

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approval of a Bitcoin-owned exchange-traded fund (ETF) in the United States.

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On Monday, in contrast to jittery broader markets, trading volumes rose in many funds and crypto-linked firms also rose.

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Bitcoin was last up 4.7% at $57,232, while Ether hit a high of $3,290, its highest since April 2022.

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