Data: Institutions are now more involved with Bitcoin than ever before

BTC $11,220 (+2.2%) • ETH $321 (+1%) • XRP $0.247 (+6.7%)

Bitcoin’s price has been caught within a strong uptrend throughout the past week. It appears that the fundamental strength the crypto has established over the past few months is starting to be reflected in its price.

Its latest push higher comes about against an unprecedented backdrop of loose fiscal policies from governments across the globe, as well as strong uptrends seen across multiple markets – including equities and commodities.

Bitcoin – like gold – has many of the hallmark traits of being a “hard asset” and as such, investors appear to be adding exposure to it as the global economy enters uncharted waters.

Data shows that institutions, in particular, are becoming increasingly involved with the crypto markets, as trading activity on the CME has reached levels never seen before.

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Crypto market data

For more pertinent market data, please see:

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