Bitcoin Price Faces Correction Below $100K Despite Strong Institutional Demand
Recent market activity shows Bitcoin (BTC) enduring a midterm correction as it hovers below the $100,000 mark. This comes amid heavy buying from institutional investors, including BlackRock, which remains aggressive in accumulating Bitcoin. The firm has actively increased its holdings through its IBIT fund, showcasing the continued institutional interest in cryptocurrency as a strategic reserve. Analysts suggest that while the downward momentum is palpable, the strong demand among institutional buyers could provide a favorable environment for a rebound. Investors should keep a close eye on emerging trends that may dictate Bitcoin’s price trajectory in the near future.