Bitcoin holdings of publicly listed firms increased to $20B in one year: Data
A survey showed that 26% of institutional investors and wealth managers support Bitcoin’s use case as a reserve asset.
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A survey showed that 26% of institutional investors and wealth managers support Bitcoin’s use case as a reserve asset.
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust.
Each futures contract is sized at one-50th of one Bitcoin.
Bitcoin’s monthly candlestick pattern could indicate where markets are going next, according to analysts.
BlackRock’s IBIT Bitcoin fund had its biggest inflow day since July 22 as Bitcoin slipped back under $64,000 following a weekly rally.
One analyst predicts a $150,000 price tag for Bitcoin by the end of this year, however other indicators point to increased short-term selling.
The positive correlation between the ETH/BTC pair and the US Dollar Index has strengthened ahead of the Federal Reserve’s September rate decision.
Bitcoin could be on track to a September breakout to new record highs, but it faces significant resistance around $65,000.
With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market.
Exchange inflow gauges potential selling pressure, with high inflow suggesting high sell pressure and low inflow suggesting low pressure.
