Bitcoin price eyes $10,000 as the institutional demand for crypto surges | Invezz
Bitcoin (BTC) price is trading around the $9,500 mark as the buyers take a step back before continuing their assault at $10,000, the key short-term target. Fundamentally, several key metrics, including Grayscale's $1.4-billion inflow in the first half of this year, suggest that institutional demand for Bitcoin is on the rise.
The institutional demand for BTC has been growing consistently since the start of this year. However, in Q2 2020 the demand surged significantly. Grayscale, a crypto investment fund, observed an inflow of $1.4 billion in the capital.
