The term ‘Suitcoiners’ illustrates Wall Street’s deepening engagement with Bitcoin. Institutional investors now hold over 30% of Bitcoin, up from 10% in 2020. This shift raises concerns about potential changes to Bitcoin’s structural integrity and market dynamics.
As of now, Bitcoin (BTC) is trading at 96,858.03 USD, with a market cap of 1.92 trillion USD. Despite a 4.63% decrease in trading volume, Bitcoin maintains a dominant market share of 63.85% and an increase of 14.30% over the last month.
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