Bitcoin: Institutional Funds Are Majorly Buying BTC During Corrections
Bitcoin experienced wild market fluctuations this week after US President Donald Trump announced tariffs on 185 countries early this month. BTC fell to a low of $74,000 shedding nearly $13,000 in value as it entered April trading at $87,000 level. The leading cryptocurrency is hovering around the $$77,300 mark on Wednesday and is down more than 2% in the charts. Also Read: Pi Network Eyes $3 as Price Rebounds 28% Amid Token Unlock Buzz The brief rebound in price is attributed to a steady accumulation of Bitcoin from leading institutional investors, said Tracy Jin, Chief Operating Officer of the cryptocurrency exchange MEXC to Watcher Guru. Jin revealed that institutional investors are quietly buying the dips on BTC accumulating the asset at every market correction. BTC: Institutional Investors Are Buying Bitcoin at Dips Source: Watcher Guru Also Read: BlackRock Joins Forces With Anchorage to Secure Crypto Custody The strategic buying is the reason its price remained afloat as the Dow J...