Our Daily Market Report is out!
Today, we cover:
#BTC Trading Volume (24hr): $167.4B / -2%
#DigitalAssets: Institutional Investors Show Strong Long-Term Commitment to Crypto
#TradFi: Bitcoin ETFs are the big players pushing BTC's demand, pretty much mopping up any sell-off from the long-term holders. Just this Wednesday, BTC ETFs bagged another $510 million, bringing the week's haul to a hefty $4.7 billion. A peek at the CME's open interest tells us it’s pretty stagnant, signaling this rally's all about the spot market—a bullish sign.
Every day, the SDM research team summarizes what is happening in crypto. Make sure to follow our page to get tomorrow's market breakdown!
Institutional Insights: https://lnkd.in/dHidjMDP
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Program Support Specialist at U.S. Department of State
1wGood morning, I note in this weekly periodical that the market price of the several crypto-currency are extremely high and extremely low. I recommend you consider addressing/discussing what factors can cause crypto-currency price to trastically go up or down. I also recommend this because when I see such wide gaps in price range I think of the period of economic history called "Tulip Mania".