JP Morgan Revises Bitcoin Target To $130,000, Citing Decreased Volatility
The financial giant is gradually becoming more bullish on Bitcoin and institutional adoption.JPMorgan, in an email note released to clients on Thursday, cited decreasing Bitcoin volatility as a positive for institutional interest in the asset. In an article covering the…
Institutional crypto managers report record AUM despite U.S. inflows plummeting
By Martin Young
Institutional inflows have declined 59% this past week, but AUM is at an all-time high. According to digital asset investment manager, CoinShares, institutional demand in the U.S. has declined slightly however European funds are still buying.According to Coinshares’ March 22…
Ethereum whales refuse to sell as more ETH flows into DeFi
By Martin Young
The number of wallets holding over 10K ETH has hardly dropped in four weeks. The number of addresses holding more than 10,000 ETH has hardly changed since the asset hit an all-time high of $2,050 on Feb. 20.In fact, according…
Retail traders buying more Bitcoin than institutions: JPMorgan
By Martin Young
Retail traders have been buying large amounts of BTC through PayPal and Square. According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms.JPMorgan’s data suggests that retail…
Digital asset investment products hit record $4.2B inflows already this quarter
By Martin Young
Bitcoin dominates but Ethereum is growing in popularity for institutional investment products. According to digital asset investment manager, CoinShares, institutional-grade crypto asset investment products inflows have already reached record levels so far in 2021.According to Coinshares’ March 15 Fund Flows…
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Who Is Buying Bitcoin And Pushing Its Price Higher In 2021?
By John Wanguba
E-Crypto News’ update provides the latest articles on technology and cryptocurrencies. e-cryptonews.com Continue reading Who Is Buying Bitcoin And Pushing Its Price Higher In 2021? at E-Crypto News. Story continues on E-Crypto News
Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
By Joseph Young
Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000. Whales are continuing to accumulate Bitcoin (BTC) despite the price more than doubling so far in 2021, according to the latest data from CryptoQuant.This…
Breaking Down Square’s Bitcoin (BTC) Position
The recent push to the $1 trillion bitcoin market cap can at least be partially attributed to institutional investors; firms investing on the behalf of others or as part of their asset allocation strategies. Square, One of the Largest Corporate…
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13K BTC Flows Out of Coinbase Suggesting Institutions Are Buying Bitcoin Dips
Bitcoin failed to consolidate its position above $50,000 for the fourth day after registering a new all-time-high last week above $58,000. However, this has not deterred institutional investors from buying the current Bitcoin dip as nearly 13k Bitcoins moved from…