Institutional Demand for Bitcoin
Institutional interest in Bitcoin continues to rise, with Intesa Sanpaolo, Italy's largest banking group, recently purchasing 1 million euros worth of Bitcoin. This trend is bullish for BTC, as increasing institutional demand is expected to drive prices higher. Additionally, purchases in spot Bitcoin ETFs have risen in recent months, further supporting bullish price expectations. Some analysts suggest that the high value of the dollar could trigger a downward correction, which would likely lead to a price rebound for Bitcoin, given the historical inverse relationship between the two assets.
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