Bitcoin is having its best start to the year since 2013. The price of the largest cryptocurrency by market capitalization has jumped 40% this month amid weakness in the U.S. dollar. The rally has been powered predominantly by stateside buyers, observers say.
"We interpret this as a clear signal that U.S. institutions are buyers of bitcoin right now," Thielen added.Unlike stocks, bitcoin – and cryptocurrencies in general – trade 24 hours, allowing observers to keep track of order flows across different timeframes and infer the source of buying or selling pressure.in bitcoin futures listed on the Chicago Mercantile Exchange.
Deutsche Digital Assets made a similar observation earlier this month, drawing attention to the uptick inas evidence of increased buying interest from sophisticated U.S.-based investors relative to retail investors.
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cmsholdings realMatrixport godbole17 Not true. Both big daily candles on this recent uptrend where on Sunday and other after closing bell... Check your data
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