On November 10, the market sentiment for Bitcoin and other cryptocurrencies reached its highest level of “greed” in nearly seven months, with the Crypto Fear & Greed Index scoring 78 out of 100.
The CEO of CryptoQuant, Ki Young Ju, predicts that Bitcoin’s price may dip below $59,000 by the end of the year due to an overheated futures market.
BlackRock’s Bitcoin exchange-traded fund (ETF) yesterday received over $1 billion in new investments, making it the largest asset manager in the world.
On Monday, Bitcoin reached a new record mining difficulty of 101.65 trillion.
Cartwright, a specialist in British pensions, is advising institutional investors to invest some of their assets into Bitcoin.
MicroStrategy has not made any new purchases of the cryptocurrency since mid-September.
Listed spot Bitcoin ETFs in the United States yesterday saw an increase of over $870 million in net inflows, making it the third-highest day for inflows since their launch in January.
