-
Institutional & State Demand For Bitcoin Soaring
Following heavy gains since the November 5th US elections, Bitcoin prices are pausing for now. The futures market has traded up to a test of the 1618% Fib extension of the March – August correction around the $91k mark, where price is currently holding. Given the rapid advance we’ve seen over the last week, come consolidation and correction is expected. However, focus remains on a further push higher given a broadly encouraging macro backdrop now that Trump is due to resume office in January. A surge higher in institutional demand for BTC ETFs over the last week reflects the growing optimism among crypto ... (full story)
