More than half of institutional investors plan to invest more in crypto by 2023, according to a survey.
Bitcoin and other cryptocurrencies are consolidating near recent highs.
Ether is up 3% over the past 24 hours.
Bitcoin broke below $30K. Some analysts see value opportunities while others expect further downside.
Demand indicators include the Purpose ETF experiencing a slowdown in net inflows and GBTC trading at a notable discount.
America’s second-largest bank is the latest financial institution to wade deeper into crypto.
Ether is attempting to break above the 50-day moving average for the first time since March.
The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March.
Bitcoin’s ‘death cross’ could increase selling pressure into the weekend.
Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.
Two of the hottest trends in institutional investing – bitcoin adoption and environmental, social and governance factors – are suddenly colliding.
The manager of $1.4 billion first bought bitcoin trust shares in 2017.
The ether rally appears to be more organic and driven from within the crypto industry.
SkyBridge's bitcoin investment has already climbed to more than $300 million, mostly due to price appreciation in the past couple of months.