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Bitcoin Rally Has ‘Serious Institutional Money’ Behind It, Devere Says

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Bitcoin’s renewed advance reflects stronger institutional demand, according to Devere Group CEO Nigel Green, who predicts that bulls have regained control. His outlook follows a rebound in ETF inflows, despite uneven fund demand and a U.S. legislative setback. Green Sees Institutional Demand Supporting Bitcoin Bitcoin’s recovery could gain durability from institutional allocations, according to comments […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional inflows signal sustained demand but regulatory uncertainty persists.

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Bitcoin Rally Has ‘Serious Institutional Money’ Behind It, Devere Says — Crypto Insight