Bitcoin, the world’s most important cryptocurrency, has remained around $20,000 in valuation since tumbling to $17,567 in June and has languished around that number well into August. The token is currently doing its worst performance for several months since hitting nearly $70,000 in November 2021.
He notes: “There’s been a groundswell of interest from institutional investors in Bitcoin and crypto in recent months – and this is set to grow exponentially.” “This is why now we are seeing institutional investors coming off the sidelines. They are making significant moves to increase their crypto exposure at lower entry points; sensibly, employing the ‘buy the dip’ mantra.”
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