Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-watch-active-altcoin-market" data-wpel-link="internal">Investors Watch Active Altcoin Market</a><br></p>
<p style="text-align: justify">Boredom has ended for <a href="https://finance.coin-turk.com/" rel="nofollow noopener external noreferrer" target="_blank" data-wpel-link="external">investors</a> as altcoins see a surge in activity. <a href="https://en.bitcoinhaber.net/bitcoin-analyst-expects-a-significant-increase-during-the-current-bear-market" data-wpel-link="internal">Bitcoin</a> stands at $67,000, nearing $70,000 due to renewed interest stemming from ETF inflows. The latest market research from Bianco sheds light on the current crypto trends.</p> 
<h2 id="what-does-bianco-s-research-reveal">What Does Bianco’s Research Reveal?</h2> 
<p style="text-align: justify">Since May 13, there has been a notable increase in ETF investments. GBTC has paused its sales and is experiencing net inflows. These positive movements have pushed the total value of Spot Bitcoin ETFs to nearly $13 billion. The recent 13F filings have revealed which ETFs major investment firms are purchasing.</p> 
<p style="text-align: justify">Jim Bianco, founder of Bianco Research, warns that diverting funds into traditional finance via ETFs could impede the development of a decentralized financial system. This highlights potential long-term risks for Bitcoin and other cryptocurrencies.</p> 
<h2 id="how-could-bitcoin-s-price-move">How Could Bitcoin’s Price Move?</h2> 
<p style="text-align: justify">Markus Thielen, research director at 10x Research, believes Bitcoin could set new records if it closes above $67,500. Currently, BTC is priced at $66,970 and peaked at $67,349 within the last 24 hours. However, it hasn’t sustained this upward trend.</p> 
<p style="text-align: justify">Coinbase’s first-quarter financial results might provide insights into the influence of traditional finance on crypto. Institutional trading volume increased from $215 billion in Q1 2021 to $256 billion this quarter, but individual investor participation has declined by 50% since 2021.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify">Here are some actionable insights for investors from the article:</p> 
<ul> 
 <li>ETF inflows are increasing, signaling growing institutional interest.</li> 
 <li>Long-term risks may arise from traditional finance integration.</li> 
 <li>Bitcoin needs to break the $67,500 barrier to set new records.</li> 
 <li>Institutional trading volumes are up, while individual participation is down.</li> 
</ul> 
<p style="text-align: justify">In conclusion, while altcoins and Bitcoin are showing promising activity, the influence of traditional finance and ETF investments still poses certain risks and challenges for the <a href="https://newslinker.co" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">future</a> of the crypto market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-watch-active-altcoin-market" data-wpel-link="internal">Investors Watch Active Altcoin Market</a></h5>

Investors Watch Active Altcoin Market

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