The recent rise in the price of Bitcoin is driven by demand from institutional investors, according to a report from investment bank JPMorgan, which was reviewed by Coindesk.
Let us recall that on the morning of October 24, Bitcoin tested the level of $35,000. Against this background, analysts noted the influx of the first cryptocurrency into the wallets of major market players.
Experts noted that the same indicator on Ethereum “remains restrained.” They also noted growing optimism regarding the approval of a spot Bitcoin ETF.
Earlier, Matrixport explained that the growth of the bitcoin rate was facilitated by purchases by investors from the United States.
Source: Cryptocurrency
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