bitcoin traders look to institutional demand

bitcoin value is increasing from past month(36%) rise.bitcoin changing as quickly as sky changes into clouds around $59,000 so this is reason traders are looking to institutional demand a firm which is known as business intelligence firm bought bitcoin of $15 million and average price of per coin is $59,339 adding to it as stock the main reason why traders looking for institutional demand because they think institutional player support the leg above $60,000 in bitcoin retail investors have made other uses for their stimulus dollars this is also reason for institutional demand may be alt coin will be first opportunity for the retailer after missing the bitcoin higher rise alt-coin is performing outstanding over the past month Ether rised 60% xrp 90% and bitcoin about 36%

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