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Bitcoin showed a slight rise on Monday. The cryptocurrency continued to be supported overall due to positive regulatory developments and increasing institutional adoption after pulling back from its recent record levels.
The world's largest cryptocurrency rose by 1.2% to $109,457.9 as of 08:18 Turkey time.
Bitcoin reached a record high of around $112,000 on Thursday. However, on Friday, a sharp decline occurred down to $107,000 as investors took profit at peak levels. Meanwhile, whale transactions also contributed to the weakness.