BREAKING
374d 5h ago

Bitcoin Enters a New Era: How Institutional Investors Are Shifting the Cryptocurrency Landscape

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to a recent update from COINOTAG, the Chief Investment Officer of Bitwise, Matt Hougan, has informed clients about a potential shift in Bitcoin’s historical four-year market cycle. In his letter, Hougan emphasizes the impact of increased institutional investments and evolving market infrastructures which suggest that Bitcoin’s inherent price volatility may stabilize. This evolution indicates that halving events may no longer play a pivotal role in influencing Bitcoin’s valuation. Instead, the cryptocurrency market seems to be transitioning towards a regime significantly shaped by macroeconomic factors and strategic long-term investments. As the crypto ecosystem matures, the conventional market dynamics could be rendered obsolete, ushering in a new era characterized by substantial institutional participation and ongoing investor engagement.

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