Dec 17, 2020 12:52 GMTCrypto News More and more institutional investors are buying Bitcoin. Joint ventures between financial giants and cryptocurrency startups on vogue. Super-bullish BTC price forecasts from famed analysts are getting more frequent, rising targets. Bitcoin hit a new all-time high at $23,776 (on Coinbase) before retreating to $22,500. The pioneer digital currency gained over 16% on a day-to-day basis, while its market share surpassed 65%. Bitcoin’s market value at $42 billion now exceeds the capitalization of JP Morgan, one of the four largest financial institutions in the US. In comparison, a capitalization of all digital coins in circulation came close to $650 billion. What are the catalysts behind BTC growth