Main notes
- Twenty One Capital buys 4,812 BTC for $ 458.7 million in a major institutional step.
- Bitcoin for a short period of $ 105,000 before settling near 104 thousand dollars, an increase of 7.5 % in 24 hours.
- Bitcoin purchases of retail increased by 3.4 % in two weeks, indicating a wider rise momentum.
Bitcoin backed by a rope
BTC
96 $ 611
24 hours fluctuation:
2.1 %
The maximum market:
$ 1.92
Folder. 24h:
$ 29.09 b
Twenty One Capital purchased 4,812 BTC at a value of about $ 458.7 million. The acquisition is performed as part of a special investment deal in public stocks (PIPE) related to the company’s continuous inclusion of the company with Cantor Equity Partners.
According to the introduction of the US Securities and Exchange Committee (SEC) on May 13, the total bitcoin tons at One TONSE One grew to 36312 BTC. However, 31,500 BTC of this total is detained by Cantor’s shares on behalf of the company.
The timing of the main institutional bitcoin purchase is especially noticeable as Bitcoin continues its strong bullish path. The largest encrypted currency recently touched the brand of $ 105,000, putting itself an amazing distance from its previous peak of $ 109,114.
The broader market environment has also become favorable as the modern consumer price index data showed low inflation numbers expected. The scales reveal to the series that retail investors, who are often rushing to respond to market changes, return.
Interestingly, retail purchases (knowledge as transactions less than $ 10,000) increased by 3.4 % from April 28 to May 13. According to Cryptoquant analystThis rise in retail activity may soon lead to wider and continuous growth through various biological standards.
Outlook Bitcoin (BTC)
Earlier in May 14, Bitcoin has tested resistance of $ 105,000, but is now trading a little less at about $ 104,000, is still 7.5 % over the past 24 hours. The purchase compression is supported by both institutional demand and the retail interest department.
daily BTC price schemeRSI sits in 69.42, just below the peak threshold. This indicates the upscale momentum, but it also warns of a possible simple correction. However, if BTC is broken and increased of 106,500 dollars, it is likely to be the upward continuation.
BTC PRICE Chart with RSI and Bollinger Bands | Source: TradingView
Bollinger ranges with price candles that pay the upper range – a sign of excessive conditions in the peak. If the cryptocurrency is tested by the medium range (20 days) near 98,200 dollars, traders can see short -term unification or price collapse to the support of $ 89,900.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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