Bitcoin Price Analysis: Why Institutional Investors Are Backing the Bull Run

Quick Summary:

In the last seven days, it has experienced a massive growth of 7.1%.

The latest macroeconomic developments, like the US interest rate cuts, indicate that the Bitcoin market is likely to grow even further in the final quarter of the year.

It is a known fact that the attitude of institutional investors towards an asset can influence it positively, as there is a tendency among retail investors to follow the path of institutional investors.

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Article Details

Author / Journalist: Vignesh S G

Category: Crypto

Markets: United States

Topics: News Bitcoin Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 12:19:44 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22593152

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 5 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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