Bitcoin Investors Face Volatility as Price Fluctuates and Economic Concerns Loom.
TL;DR Summary
Institutional investors invested over $114 million into big funds, with the main focus on Bitcoin, which received $104 million, according to CoinShares. The report noted that investors are seeing Bitcoin as a "safe-haven" product following the collapse of a number of crypto- and tech-friendly banks in the U.S. Despite Ethereum's successful upgrade, only $0.3 million of inflows hit such funds. Bitcoin is currently trading at $29,414, down 2.9% in the past 24 hours and sitting firmly below the $30,000 mark it smashed past one week ago.
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