Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-nears-100000-as-interest-peaks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Nears $100,000 as Interest Peaks</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/donald-trumps-win-boosts-gold-and-bitcoin-prospects" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value has surged by around 3% over the last day, inching closer to the $100,000 threshold, following a dip earlier in the week. This increase highlights a robust ongoing interest from institutional players in the cryptocurrency market.</p>
<h2 id="what-drives-institutional-interest">What Drives Institutional Interest?</h2>
<p style="text-align: justify">The recent spike in Bitcoin’s price is mainly powered by institutional investors’ growing interest. The U.S. market continues to see significant asset accumulation in spot Bitcoin exchange-traded funds (ETFs). While some investors took profits earlier this week, the total outflow from these funds amounted to nearly half a billion dollars.</p>
<p style="text-align: justify">Currently, U.S. funds collectively possess 1.074 million <a href="https://en.bitcoinhaber.net/spotlight-on-bitcoin-etfs-a-market-stirring-success" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>, accounting for 5.118% of the total 21 million Bitcoins available. This scenario demonstrates a notable level of trading activity within ETFs, pointing to a steady upward trend.</p>
<h2 id="can-altcoins-thrive-without-significant-capital">Can Altcoins Thrive Without Significant Capital?</h2>
<p style="text-align: justify">Ki Young Ju, the CEO of CryptoQuant, pointed out that altcoins need fresh capital from retail investors to see substantial growth. The substantial focus from institutional investors on Bitcoin and larger altcoin ETFs is limiting opportunities for smaller altcoins.</p>
<ul>
 <li>Altcoins require new investments to achieve market cap records.</li>
 <li>Retail interest in Bitcoin could catalyze a surge in exchange activity.</li>
 <li>Independent strategies will be crucial for altcoins to attract funding.</li>
</ul>
<p style="text-align: justify">Ju believes that while altcoins have potential, only a select few will witness significant advancements. The continued dominance of Bitcoin in institutional strategies could greatly impact the future dynamics of the cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-nears-100000-as-interest-peaks" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Nears $100,000 as Interest Peaks</a></h5>

Bitcoin Nears $100,000 as Interest Peaks

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