Author: CryptoGlobe Writer

The worth of the flagship cryptocurrency Bitcoin ($BTC) topped the $73,000 mark over this week and practically hit its earlier all-time excessive earlier than enduring a big correction, seemingly as institutional demand for BTC in custodial wallets has saved on rising. In accordance with knowledge shared by the CEO of on-chain analytics agency CryptoQuant, over the previous 12 months 278,000 BTC have flowed into spot Bitcoin exchange-traded funds in the USA – with 80% of these funds coming from retail buyers – in comparison with 670,000 BTC into whale wallets with over 1,000 BTC holdings. Per Ki Younger Ju, in…