The Institutional Investors Still Play an Important Role Impacting on Bitcoin’s Price
The price of Bitcoin has broken $19,000, the crucial resistance level in the weekend trading. MassMutual became the latest company to allocate $100 million of its portfolio into Bitcoin. It encouraged the traders in the market and caused a rally in Bitcoin’s price. Therefore, it is expected that there is more influence on pricing power from institutional investors. Bitcoin has the potential to further breakout the $20,000 barrier ahead.
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