New Bitcoin Institutional Rally? Why BTC Just Blasted Past $18k Again
The price of Bitcoin surged past $18,000 once again, marking a sharp recovery from its earlier intraday drop to around $17,355. Behind the ongoing rally is a noticeable spike in the open interest of CME and other major futures exchanges. The 15-minute price chart of Bitcoin. Source: BTCUSD on TradingView.com The open interest of the […]
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Bitcoin has undergone a strong rally over the past few weeks and months, showing it does have value even in a world where there is much uncertainty. Driving this rally, analysts say, are institutional players. One crypto-asset analyst “Light” noted that from the data he has, he can tell there are serious institutional players that […]
It’s totally fair to say that the institutional investors are finally entering the Bitcoin and crypto-asset markets. Bitcoin has seen a strong rally over the past few weeks and months. In the past month alone, the cryptocurrency has gained 50%. It has become increasingly clear that this rally has been driven by the entrance of […]
Bitcoin ETF inflows had hit over a billion dollars on their first week of trading. The success of the ETFs saw the digital asset rally towards a new all-time high. Interest in the market grew tremendously among retail and institutional investors alike, leading to a week of record inflows, the highest the market has ever seen in a seven-day period. This demand has been a culmination of growing interest from institutional investors over the past couple of months. Related Reading | MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO However, the past week has....
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Bitcoin has seen some turbulent price action throughout the past couple of days, but it has primarily favored bulls The cryptocurrency was able to rally from the lower-$30,000 region to highs of $39,000 before it once again faced some intense selling pressure that sent it reeling lower The benchmark crypto has been able to find […]