Institutional investment in Bitcoin continues to grow, as recent data reveals that institutions now control nearly 18% of the total Bitcoin supply. This significant foothold signals increasing confidence in digital assets among major financial players.
On Friday, Ethereum (ETH) witnessed significant market movement as it dipped below the $2,500 mark. This downward trend coincided with substantial outflows from spot ETH ETFs, marking the highest monthly withdrawals and indicating shifts in investor sentiment.
Bitcoin appears to be forming a descending triangle, suggesting a potential breakout. As prices fluctuate within this pattern, traders are cautious. A decisive move could determine the next trend direction, with volatility expected in the coming days.
Recent analysis of the WCT/USDT pair reveals significant volatility driven by market sentiment. With resistance levels tightening, traders should watch for potential breakouts or reversals as the crypto landscape continues to evolve.
Prices of the worlds two largest cryptocurrency assets diverged on January 5 with LINK rallying for double digit gains and XRP stuck in neutral as Bitcoin revisited its local lows near the 296K mark