All articles tagged with #institutional demand
Ethereum's price has surged past $4,600 driven by institutional accumulation, increased staking activity, and growing bullish sentiment among traders, with many now expecting ETH to reach $5,000 in the near term, potentially marking its strongest cycle yet.
Eric Trump reiterated his bullish prediction that Bitcoin will reach $1 million, citing increasing institutional adoption and strong holding patterns among long-term investors, despite current high prices and skepticism, suggesting a potentially explosive future for Bitcoin.
Bitcoin briefly fell below $100,000 following geopolitical tensions but quickly recovered, with experts like Arthur Hayes and others optimistic about its resilience and long-term prospects, while altcoins may start outperforming in the coming months amid macroeconomic stabilization.
Ethereum (ETH) has stabilized above $2,500, supported by strong ETF inflows, particularly BlackRock’s ETHA ETF, which saw $492 million in last week's inflows, indicating growing institutional confidence. The price rebounded from $2,460, with technical analysis showing a higher low formation and increased trading volume, suggesting a bullish trend amid broader market volatility.
Bitcoin has reached new all-time highs for three consecutive days, driven by political and economic shifts, including Donald Trump's election victory and a Federal Reserve rate cut. Analyst Daan predicts a potential target of $88,800 as Bitcoin enters a price discovery phase, with strong institutional demand and macroeconomic factors supporting its bullish trend. The current price level of $73,800 is crucial for maintaining momentum, with potential volatility expected as Bitcoin tests new resistance levels.
Bitcoin and ether have seen price increases as several issuers in Hong Kong claim to have been approved for spot crypto exchange-traded funds (ETFs), although the official statement from the Securities and Futures Commission (SFC) has not been released. The ETF approvals, when confirmed, are expected to unlock institutional demand during Asia trading hours, providing an alternative for investors who were previously limited to US hours.
After a week of outflows, Bitcoin ETFs saw a positive net flow of 228.97 BTC, equivalent to roughly $15 million, as Bitcoin's price surpassed $70,000. Fidelity Wise Origin Bitcoin Fund led with $262 million in BTC inflows, while Coinbase's stock received a 14% boost from BTC gains. Despite outflows from the Grayscale Bitcoin Trust, the success of new ETFs indicates institutional demand for Bitcoin, with analysts anticipating the impact on Coinbase's Q1 2024 earnings call in May.
Bitcoin's upcoming halving event, coupled with institutional buying demand and historical gains, has some traders predicting that the cryptocurrency could surpass its lifetime high of $69,000 in March. The anticipation of reduced supply and a pre-halving rally is driving increased buying activity, with some expecting a support level at $50,000 and potential fluctuations before hitting historical highs. The success of spot bitcoin exchange-traded funds (ETFs) and strong institutional bullish sentiment further contribute to the positive outlook for bitcoin prices.
Samson Mow, CEO of Jan3, predicts that Bitcoin could reach $3 million per coin by 2033, citing its uniqueness and growing institutional demand. He expresses optimism about the potential approval of a Bitcoin ETF, stating that billions of dollars are waiting to enter the market. Mow dismisses altcoins like Ethereum and Ripple, emphasizing the need for registration and transparency. He also disregards meme coins like Dogecoin and Shiba Inu, considering them distractions. Mow acknowledges the historical patterns of Bitcoin halving events but cautions that Bitcoin has a way of surprising expectations.
Bitcoin (BTC) held support at $30,500 as US markets opened, with traders hoping for a repeat of the previous week's buying pressure during US trading hours. On-chain analytics firm Glassnode noted a revival of US-led demand, potentially due to the gold rush of institutional-grade ETF applications filed in the US. Trading suite DecenTrader flagged a key resistance level at just above $32,800, while shorter timeframes showed a lack of interest in shorting BTC at current levels, increasing hopes of a resumption of the uptrend. Analysts believe any potential retracements will be shallow in nature.
Bitcoin rose to $30,000, its highest level since April, due to crypto initiatives involving major players from the traditional financial sector. The start of a digital-asset exchange, EDX Markets, backed by firms including Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp, and BlackRock Inc. and WisdomTree Inc.'s applications to launch spot US Bitcoin exchange-traded funds have boosted institutional demand. The SEC's crackdown on crypto, including lawsuits against exchange operators Binance Holdings Ltd. and Coinbase Global Inc., has caused some gloom, but the BlackRock filing has reignited the race for a Bitcoin ETF. Deutsche Bank AG has also applied for regulatory permission to operate a custody service for digital assets.