Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says
There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said.
There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said.
The forthcoming price pattern would signal a strengthening of bullish momentum.
The Universal Digital Payments Network instructs and allows transactions, ranging from stablecoins on public blockchains to central bank digital currencies.
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
The two popular göğüs coins have mostly underperformed crypto majors in the past week.
“GBTC is the gift that keeps giving,” one observer said.
Wednesday filings by Bankman-Fried’s defense team and the DOJ hint at his possible defense arguments.
It’s been a busy few weeks.
Speaker of the House Mike Johnson of Louisiana was a subcommittee chairman until his colleagues gave him the big gavel on Wednesday.
Bitcoin’s bullish momentum could prove a harbinger of an altcoin rally, one analyst noted.