$SKW Stahl-Metallurgie Holding AG(SK1A.DE)$SKW Stahl-Metallurgie Holding AG(SK1A.DE)
Bitcoin, Ethereum, Ripple Have 'Big Money' Moment As Expert Sees 'Incremental Institutional Buyers' Driving Current Rally
Bitcoin, Ethereum, and Ripple are experiencing a rally driven by institutional investors, according to DataTrek Research. While retail investor demand is declining, institutional buying is increasing, as evidenced by the low mobile wallet user count and stablecoin volumes. The recent surge in cryptocurrencies is attributed to this 'Big Money' moment, with Bitcoin reaching an all-time high of $123,091.61 and Ethereum nearing its 2021 record. Publicly listed firms are also adopting new frameworks for adding crypto to their treasuries, indicating a shift in market dynamics.
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