Bitcoin Firms at $103,000: Institutions Adjust ETFs, Méliuz Acquires 320 BTC and Eric Trump Warns of Global Hoarding.
Bitcoin Consolidation at $103,000: Institutional Rebalancing and Buying BTC by Méliuz In the last few days, Bitcoin, the leading cryptocurrency, has been going through a consolidation phase near $103,000. This development comes amid active rebalancing of exchange-traded funds (ETFs) by institutional investors. Institutional interest in Bitcoin remains strong, which is evident in the actions of major players. Particularly noteworthy is the recent purchase of 320 Bitcoin by the Brazilian company Méliuz. This acquisition highlights companies' growing confidence in the digital currency and its potential role as a strategic investment. Eric Trump, son of former...

Bitcoin Firms at $103,000: Institutions Adjust ETFs, Méliuz Acquires 320 BTC and Eric Trump Warns of Global Hoarding.
Bitcoin consolidation at $103,000: Institutional rebalancing and purchase of BTC by Méliuz
Over the past few days, Bitcoin, the leading cryptocurrency, has been going through a consolidation phase near $103,000. This development comes amid active rebalancing of exchange-traded funds (ETFs) by institutional investors.
Institutional interest in Bitcoin remains strong, which is evident in the actions of major players. Particularly noteworthy is the recent purchase of 320 Bitcoin by the Brazilian company Méliuz. This acquisition highlights companies' growing confidence in the digital currency and its potential role as a strategic investment.
Eric Trump, son of former US President Donald Trump, also recently highlighted a worrying trend: the global hoarding of Bitcoin. He warns that such a trend could not only impact market conditions but also have long-term economic implications.
Overall, it appears that the Bitcoin markets continue to be volatile, while institutional investors and companies are actively involved in shaping the market. The next steps for Bitcoin will depend heavily on how investors respond to these dynamics and how the market landscape evolves.