Report: Institutional Investors Are Behind Latest Bitcoin Rally; But Will BTC Keep Climbing?
Bitcoin and the aggregated crypto markets have been facing massive volatility over the past several weeks that has made it increasingly unclear as to whether or not the markets are soon going to enter into another bull phase that leads BTC towards its previously established all-time-highs.
Despite this current unclarity, one recently released research report elucidates the possibility that the 2019 bull run may have been driven by the entrance of institutional investors into the industry; but does Bitcoin have enough fuel to keep climbing higher?
Report: Institutions Behind Recent Bitcoin Bull Run
Throughout the first half of 2019, has incurred serious upwards momentum that has allowed it to climb from lows in the $3,000 region to highs of $13,800.
This massive upwards momentum is certainly emblematic of a bull run, but BTC’s inability to continue climbing has left many wondering whether or not the cryptocurrency will be able to continue surging during the second half of 2019.
One factor that may be slowing Bitcoin’s is the lack of new retail investors in the markets, which means that potential institutional entrants and those already invested in the crypto are the only ones who are currently driving any upwards price action.