Analyzing Potential Reversal Threats; Render Competitor Expected to Jump 1,550%
Institutional investors investing in Bitcoin (BTC) ETFs helped to push prices to a new all-time high (ATH) of $70,130 on March 8. The most popular cryptocurrency ever launched has doubled its market cap in the last month and over $1.2 trillion is now invested in BTC.
Prices have pulled back to $68,430 since this historic moment as some investors sold for profits. It’s an expected turn given data from CryptoQuant recently showed that 95% of holders were in profit. Some investors are now exploring that option…