Bitcoin (BTC ($107,768.00)) 
$95,427 recently surpassed the $97,000 mark but quickly returned to the $95,000 threshold, finding stability. This drop coincided with the U.S. government transferring 10,000 BTC linked to Silk Road, approximately valued at $963 million. Following this transfer, the options market showed a predominantly bearish volatility curve, indicating a shift in short-term expectations within the cryptocurrency market.
Institutional Demand Strengthens
The adoption of Bitcoin as a reserve asset is becoming increasingly common. Spot Bitcoin ETFs received a new investment of $350 million just yesterday. Additionally, leading Bitcoin miner MARA Holdings announced that it purchased $618 million worth of BTC over the last two months, following the lead of major institutional Bitcoin investor MicroStrategy.
24h Most Popular
Utilities