Crypto Market Analysis: Bitcoin Price Drop to $94,000 and Investor Confidence in 2024

Crypto Market Analysis: Bitcoin Price Drop to ,000 and Investor Confidence in 2024

Bitcoin’s price has dropped to $94,000, ending a bullish trend that saw it surpassing the $100,000 mark earlier this month. Despite the drop, the Crypto Fear and Greed Index indicates that the market sentiment remains optimistic. Analysts attribute the price decline to profit-taking by some long-term holders and a slow down in market activity. With … Read more

Institutional Influence on Bitcoin Price and The Future Potential for Retail Investor Driven Surge

Institutional Influence on Bitcoin Price and The Future Potential for Retail Investor Driven Surge

Institutions continue to drive Bitcoin’s price while retail investors remain dormant, suggesting potential for significant price surge with broader adoption. Institutional investment in Bitcoin shows a marked increase, with over 1,100 institutions holding 21.15% of total assets in Bitcoin ETFs. Large financial players continue to exert considerable control over Bitcoin’s supply and demand, despite its … Read more