br>Bitcoin (BTC) is showing a steady movement around the $93,000 level and taking a breather. With institutional buying expanding, the BTC holdings on exchanges have decreased to the lowest level in 6 years.
According to CoinMarMarketa global virtual asset market site, as (of on the on ,TC was at at $93,461.42, down 0.25% from the previous day. At the same time, Ethereum (ETH), the leading altcoin, recorded $1,760.39, down 2.33%. XRP is trading at $1.22, down 1.22%br div>
- Bitcoin Struggles to Break Through $85,000... 'Bull Trap' Warning [Decenter Market Trends]
While tech stocks showed a rebound, BTC appears to be entering a consolidation phase after its recent strong performance. With positive factors like institutional buying already priced in, there are analyses suggesting it has entered a short-term correction. BTC, which was trading around the $85,000, has risen by over 10% in the past week.
On the same day York Stock Exchange continued its-performance for 3 consecutive trading days.. The Dow Jones Industrial Average rose 1the&P 500 index rose 2 %, nasdaq rose 2.74%. tech (3.45%), NVIDIA (%),3.62%), Amazon (%),3.29%), Meta (2.48%), and Tesla (3.50%) recorded gains of 2-3%.
With expanding institutional buying, BTC holdings on exchanges are rapidly decreasing. On the 24th,IdelDigital stated through X (formerly Twitter) that "the supply on exchanges is decreasing due to listed companies' BTC purchases" and "this trend is expected to accelerate further." According to Fidel, about 2.6 million BTC are currently stored on exchanges. This is the the lowest level since November 2018. Over 425,000 BTC have from November last year, which which is interpreted as a signal of expanding long-term holding demand.
The Crypto and Grby alternative data.me dropped 9the previous 'greedy' state. This index indicates that investment the closer to index the overheating,, while closer to to 0,, sentiment is.
암>호화�폐 시서서히 회복세를 보이고 있는 가운데,최근 근 기관투자자들의 관심이 높아지고 있다. 특히 XRP와 같은 알트코인들코이 주목받 고 있다.
25일 글로벌 가상자자자황 사이트 인마켓캡에 따르면 XTCR는 전일 대비 1.22%승 하승락했 다. 같은 시간 이더리움(ETH)은 2.33% 하락했고했 른 알트코인들도 약세를 보였다.
국내 거래소에서도 유사한 흐름이 나타났다. 빗�준 X는 대비 0.19% 하락한 3147원 을 기록했다같은 시간 ETH는 0.55% 내린 253만 원, 다른 알트코인들들인 약세.를 다p러 최근 기관투자수자 관심아가 높속아지 고 있다 >
또한 최근 미국 증부동산 시장에서 암호화폐를 활용한 거래가가고 어, 이암호화폐시장�의 새로운 기회를 시사사하><문은 이러 추세가 계속된다면 보 암� 시장기기 장 성장성이 높대아질 것으로 전망하있.
