Bitcoinist
2020-07-27 12:00:36

Bitcoin Just Exploded Past $10,000 But Data Says Institutions Still Bearish

Bitcoin is trading at $10,250 as of this article’s writing, reaching the highest price traded since June’s highs. This recent breakout has been met with much excitement from the cryptocurrency industry. Some think it marks the start of a larger bull run that will eclipse the last one (2016-2017). Data suggests that institutional traders remain short-term bearish on Bitcoin. Surveys and other indicators, though, suggest that institutions of the “old guard” remain long-term optimistic about […]

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