Crypto Market Surge: Bitcoin and XRP Lead the Rally
Bitcoin faces potential challenges as institutional support wanes amidst increasing market volatility. Despite strong demand and bullish sentiment, a decline in institutional backing, particularly from companies like MicroStrategy, could lead to significant sell-offs and a market correction. The crypto volatility index suggests heightened market uncertainty, which might undermine confidence in Bitcoin's price stability. Analysts suggest that $90K could serve as a local support level, attracting both retail and institutional interest, especially if volatility continues to rise.
