BitcoinShort
BTCUSD Correction may Continue
Bitcoin briefly dipped below $94,000 earlier this week but recovered strongly, stabilizing around the $100,000 mark by Friday.
Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday.
Bla bla bla!
The COO of Indian crypto exchange Giottustold FXstreet that the financial incentive for investors is to support adding Bitcoin to a company’s balance sheet.
Bitcoin (BTC) reclaimed the 100K level, trading near $100,100 on Friday after a recent decline earlier this week. The recent pullback in BTC was mostly due to high-leverage traders and some holders booking profits. Despite Microsoft’s rejection of adding Bitcoin to the company’s balance sheet, institutional demand remained strong, recording a total inflow of $1.72 billion until Thursday. Giottus COO Arjun Vijay highlighted the growing financial incentive for companies to adopt Bitcoin on their balance sheets.
Bitcoin reaction this week
Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday.
Bla bla bla!
The COO of Indian crypto exchange Giottustold FXstreet that the financial incentive for investors is to support adding Bitcoin to a company’s balance sheet.
Bitcoin (BTC) reclaimed the 100K level, trading near $100,100 on Friday after a recent decline earlier this week. The recent pullback in BTC was mostly due to high-leverage traders and some holders booking profits. Despite Microsoft’s rejection of adding Bitcoin to the company’s balance sheet, institutional demand remained strong, recording a total inflow of $1.72 billion until Thursday. Giottus COO Arjun Vijay highlighted the growing financial incentive for companies to adopt Bitcoin on their balance sheets.
Bitcoin reaction this week
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