60% of top US hedge funds bought Bitcoin as Bitcoin ETFs ownership surged by 27% amid anticipated new BTC all-time-high.
Bitcoin ETFs ownership surged as the Fear and Greed index matched sub-$30K levels.has been gaining significant traction from governments, major financial institutions, and large traders known as whales.
This trend highlighted the increasing institutional support for Bitcoin and the overall crypto markets.Bitcoin has recently broken out of a symmetrical wedge on the 4-hour chart and is now trading at $60,000. This increase reflected growing institutional confidence in digital currencies. As a result, Bitcoin is expected to reach a new all-time high by late 2024 or early 2025.Recently, Bitcoin mining difficulty decreased in its latest bi-weekly adjustment. This change affects how quickly new blocks are created and regulates Bitcoin’s supply.
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