American institutional investors have drastically scaled down their Bitcoin-related activity over the past week, according to a report published by digital asset manager CoinShares yesterday.Per the report, titled Digital Asset Fund Flows Weekly, the total amount of institutional capital allocated in Bitcoin shrunk to $99 million last week. This is a 59% decline compared to the … [Read more...] about Report: Bitcoin institutional capital allocation shrinks 59% over past week
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Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors
Bitcoin (BTC) fell $2,000 overnight on March 11 after United States-based multinational Oracle dispelled rumors that it had bought 72,000 BTC.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewData from Cointelegraph Markets and TradingView showed BTC/USD returning to $55,000 on Thursday after hitting local highs of around $57,00.The previous day had delivered strong … [Read more...] about Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors