Bitcoin rose above $89,500, but the bulls could not sustain the higher levels. A sustainable recovery would require institutional demand to pick up. Since Dec. 15, BTC exchange-traded funds have recorded outflows of more than $1 billion, per Farside Investors data. Despite BTC’s weak performance toward the end of the year, Strategy CEO Phong Le said in a recent podcast that BTC’s fundamentals “couldn’t be better.” For the short term, Le said the Bitcoiners should be “fairly methodical and mathematical about it” as the price action is usually unpredictable. Select analysts believe that cryptocurrency prices will ... (full story)