Bitcoin Soars as U.S. Institutional Investors Re-Enter Market and MicroStrategy Buys 6,556 BTC

The latest updates from COINOTAG on April 23rd reveal that **U.S. institutional investors** are making a significant comeback in the **cryptocurrency market**. Recent data from **CoinGlass** indicates a rise in the **Coinbase Bitcoin premium** to **0.16%**, a clear signal of heightened **buying pressure** originating primarily from the U.S. This uptick coincides with **MicroStrategy’s** announcement of a substantial acquisition involving **6,556 bitcoins**, totaling **$555 million**. Moreover, the recent surge in inflows into **Bitcoin spot ETFs** marks a pivotal shift in market dynamics, transitioning from a **retail-dominated** landscape to one increasingly led by institutional strategies. The influx of such institutional capital is projected to contribute to upward momentum for **BTC**. According to **Bitunix Analysts**, while these inflows bolster price support and market stability, BTC’s ability to maintain above the **88K** threshold is crucial as it eye the **96K resistance level** for potential gains.