Today news
About the same in other media
Can Bitcoin’s [BTC] current ‘oversold’ situation trigger a recovery past $30k
Reading now: 754
Bitcoin, the largest cryptocurrency suffered major limelight into extreme fear territory not seen since the COVID-19 crash. The worst trading day came on 12 May, when BTC slumped from just over $30,000 to its lowest price position since late December 2020 at $25,300.
Despite the increased selling pressure, things might be cooling down. Here’s why:
Institutional investors have played a vital role in supporting Bitcoin over the years. Despite price volatility, investors have found opportunities to accumulate tokens according to CryptoQuant CEO Ki Young Ju. As per the executive, ‘institutional investors are buying BTC via market makers right now.’
<p lang=«en» dir=«ltr» xml:lang=«en»>Q. Are institutional investors selling #Bitcoin?A. They're buying $BTC via market makers right now.
Here's what happened last week
Read more on ambcrypto.comAbout this in other media
Bank of Canada Raises Rates Again and Vows to Be Forceful on Inflation wsj.com /1 year ago
Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns cryptonews.com /1 year ago
World Bank won’t support Central African Republic’s Sango crypto hub cointelegraph.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Bitcoin [BTC] options expiry and its anomaly that you should know about](https://finance-news.co/storage/thumbs_400/img/2022/5/27/27424_t8ql.jpg)
![Why there’s good reason behind Bitcoin [BTC] waiting on the Dollar Index](https://finance-news.co/storage/thumbs_400/img/2022/5/26/27199_vyltj.jpg)