Bitwise says bitcoin’s ‘floor is rising’ despite AI boom and regulatory delays
The Block·
60-second summary
Bitwise asserts that institutions are actively purchasing bitcoin during the current bear market, indicating a rising floor for the cryptocurrency. This buying activity is attributed to investors taking advantage of lower prices. Meanwhile, larger investors remain cautious, awaiting regulatory clarity. The institution-driven buying is expected to stabilize the market, potentially leading to a rebound in prices.
Bitwise says institutions are buying the bitcoin bear market dip, while many larger investors are still awaiting regulatory clarity.