‘Sustained institutional buying’ will hold Bitcoin above $50K: CrossTower

‘Sustained institutional buying’ will hold Bitcoin above $50K: CrossTower

New research from CrossTower argues institutional buyers will hold BTC prices above $50,000. In a report shared with Cointelegraph, institutional crypto trading platform CrossTower asserts that large investors will not let Bitcoin (BTC) fall back below $50,000.According to the report, addresses holding over 1,000 BTC rose to record highs in January on the heels of sizable retracements — evidencing strong dip-buying from whales despite the relatively high price of Bitcoin.Combined with positive business developments in the industry, such as Mastercard’s decision to integrate certain....


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