Today news
About the same in other media
Can Bitcoin’s [BTC] current ‘oversold’ situation trigger a recovery past $30k
Reading now: 137
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
ECB president’s anti-crypto comments trigger community responses cointelegraph.com /2 years ago
Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry cointelegraph.com /2 years ago
With Bitcoin below $30K, here’s the new metric you should watch instead ambcrypto.com /2 years ago
Show more
The website fvbb.com 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 Cash [BCH]: Could March 2020 levels be invalidated in weeks to come](https://fvbb.com/storage/thumbs_400/img/2022/5/20/25820_mwpy.jpg)
![Solana [SOL] – Should a revisit to the $20-level be a surprise?](https://fvbb.com/storage/thumbs_400/img/2022/5/19/25664_qbl.jpg)
