The crypto market cap decreased to 3.29 trillion USD, reflecting a 1.7% decline. Bitcoin experienced volatility, dropping to 100.5k USD before rebounding to 102.7k USD amid profit-taking, highlighting investor sentiment at a stable level.
Global crypto fund investments rose by 882 million USD, indicating positive market trends. Institutional investments, particularly from Abu Dhabi’s sovereign wealth fund, are crucial for Bitcoin’s growth, with Nakamoto Holdings set to raise 710 million USD to establish a Bitcoin reserve.
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