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The Bitcoin price surged 3% in the last 24 hours to trade at $69,305 as of 00:32 p.m. EST on trading volume that dropped 40% to $21 billion.
This comes as the University of Wyoming prepares to make significant strides in cryptocurrency research with the launch of the Bitcoin Research Institute (BRI).
Scheduled to open next month, the institute aims to provide high-quality, peer-reviewed studies on Bitcoin, which will position the BRI as a crucial resource for both academic and public understanding of the technology.
Bradley Rettler, a Bitcoin activist and Associate Professor at the University of Wyoming, will serve as the institute’s director.
According to Rettler, the industry needs more high-quality peer-reviewed publications, ensuring that the public is informed about Bitcoin and how it works.
Bitcoin Price To Continue With The Bullish Trend Over $70,000
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