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Bitcoin Rallies To New Heights As Institutional Investors Expand Into Crypto
Summary: On Monday, Bitcoin rallied to its highest price since 2017 reaching $19,857.03, a movement which analysts say is a result of increased institutional interest in crypto. At the time of writing Bitcoin is trading hands at $19,399 and is up 7.49%. Volumes at LMAX Digital, which typically caters to institutional investors, are up indicating institutional investment ...
On Monday, Bitcoin rallied to its highest price since 2017 reaching $19,857.03, a movement which analysts say is a result of increased institutional interest in crypto.
At the time of writing Bitcoin is trading hands at $19,399 and is up 7.49%. Volumes at LMAX Digital, which typically caters to institutional investors, are up indicating institutional investment activity.
Capital inflows into the Grayscale Bitcoin Trust and other exchange-traded product issuers, including 21Shares and CoinShares, also suggest institutions in traditional financial markets are beginning to invest in Bitcoin, head of research at digital asset prime broker Bequant, Denis Vinokourov, told Coindesk.
By Emily Mason
Tags: Bitcoin,BTC,Grayscale Bitcoin Trust,Institutional Investor,LMAX Digital
Link: Bitcoin Rallies To New Heights As Institutional Investors Expand Into Crypto [Copy]
