The findings, announced on Oct. 27, show that 55% of them would be interested in investing in Bitcoin, while 23% already bought in. This percentage of American investors translates to nearly 32 million potential Bitcoin investors.
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Markets Report: Bitcoin rebounds after OKEx freeze accelerates $11K drop
News that OKEx had stopped withdrawals from its 200,000 BTC vaults brought volatility to Bitcoin, but a rebound is already on the way.
Bitcoin was on course for modest weekly gains on Oct. 16 as fresh downside took the market ever closer to $11,000 support. After hitting $11,700, this week saw BTC/USD consolidate higher, but unforeseen circumstances sparked sudden selling pressure Friday.
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Markets Report: Bitcoin ends a week of ranging amid focus on weekly close above $12,000
A tour around the $11,000-12,000 corridor comes as institutions bet big on Bitcoin as a hedge against ailing fiat economics.
Bitcoin began this week in a highly bullish mood, challenging $12,000 resistance twice in 24 hours on the back of a turbulent weekend. Volatility remained, with the final attempt to flip $12,000 to support met by a sudden dip of over $500 in minutes. This set the scene for a return to “ranging” price behavior for BTC/USD — movements can be significant, but always within a defined corridor.
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A big August for crypto
Big news about mainstream institutional investors pouring money into bitcoin and ether has industry insiders excited about crypto’s move towards the mainstream
The big news, needless to say, was business intelligence firm MicroStrategy’s Aug. 11 announcement that it had bought $250 million worth of bitcoins, pouring the entirety of its planned investment in alternative assets as an inflation hedge into the first cryptocurrency.
