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 […]
Related News
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....
While the overall crypto market is currently trading in a range, XRP seems to have found its footing among institutional investors. According to the new CoinShares report, the altcoin has been on a tear in the past week, moving against the broader outflows in digital asset investment products. Institutional Investment in XRP Skyrockets 700% Institutional […]
Ethereum has been one of the strongest performers in the crypto market over the past two months, surging steadily to reach new all-time highs just days ago. Its rally has reinforced Ethereum’s role as the leading altcoin, attracting both institutional attention and retail speculation. However, the landscape is shifting as selling pressure begins to creep […]