On the 16th anniversary of the Bitcoin whitepaper, spot Bitcoin ETFs have amassed over 1 million BTC in holdings. This signals Wall Street's increasing influence within the cryptocurrency market. The growing dominance of institutional investors coincides with weaker hands selling off during periods of market volatility.
This development showcases a shifting landscape in the crypto market, as established financial entities further embed themselves and control increases despite ongoing fluctuations. For the cryptocurrency community, this scenario brings both opportunities and challenges regarding market stability and control.
Fonte: en.coinotag.com ↗