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Huge Institutional Buying Seen Into Crypto Dip
Bitcoin bulls will certainly be more encouraged by price action over the last 24 hours. Following heavy losses on Monday which saw BTC trading down to its lowest level since February, the leading crypto asset is bouncing back mid-week. BTC is now up around 16% off the August lows and, crucially, is trading back above the 57,215 level. Industry data shows that ETF volumes surged during the correction lower with institutional investors buying heavily into the pull-back. With the prospect of aggressive Fed easing ahead and a potential Trump win in the US elections, there are plenty of reasons to be bullish BTC ... (full story)
