(BTC) is still flexible and at the forefront of the market. Bitcoin trading at $ 103,568, occupying its site higher than the psychological level of $ 100,000 for several days now. This support at higher levels indicates the strength of the market and the investor’s confidence.
One of the main reasons behind Bitcoin’s support is the continued institutional flows to the Bitcoin investment funds. Since its introduction in early 2024, the Blackrock, Fidelity, and Grayscale investment funds constantly built BTC. As of May 13, the total net flows of more than $ 250 million per week.
This adoption by traditional financing removes the width of the stock exchanges and gives Bitcoin credibility as well as the category of digital assets.
