Market Cap
24h Vol
7054
Cryptocurrencies
82751
Markets
Cryptopolitan
2019-10-05 23:36:19

Institutional interest in Bitcoin declining, research suggest

Institutional interest in Bitcoin (BTC) has been considered one of the major price-stabilizing factors for Bitcoin, but the coin has not been performing as well as it should have been according to the bear predictions. When Bitcoin price spiked at the beginning of this year, there were speculations that it was due to the entry of institutional investors in crypto space. Regardless, cryptocurrency prices started falling almost synchronized with Bitcoin price falls around August of 2019. Reports suggest that institutional interest is starting to fade, utilizing the data which analyzed the institution’s occurrence in the cryptocurrency headlines. Institutional interest in