Unstitutional Adoption Becomes A Continuing Bullish Crypto Trend Factor, Even Though Bitcoin Prices Are Stable
JAKARTA - In the last 24 hours, Bitcoin (BTC) tends to flatten with a slight rise of +0.09% perched at the level of 115,100 US dollars or around Rp1.88 billion.
Although BTC is moving horizontally, the Financial Expert of Ajaib, Panji Yudha said that the crypto market is still in bullish momentum, and this is driven by positive news from institutional and corporate adoption.
One of them is PayPal which launched PayPal Links, where users can send and request payment via customizable links.
Most importantly, PayPal will integrate crypto into its system, enabling easy delivery of Bitcoin (BTC), Ethereum (ETH), and stablecoins around the world.
In addition, another factor is MicroStrategy, which, based on its latest filing to the SEC, the company has just purchased USD 60.2 million worth of 525 BTC. With this purchase, their total Bitcoin holdings have reached nearly 639,000 BTC.
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The flow of institutional funds can also be seen from the performance of Bitcoin ETF. In the last five days, ETF has purchased nearly nine times more Bitcoin than the number produced by miners.
This surge in demand shows the growing interest of institutional investors in crypto assets through regulated investment instruments.
In the short term, Bitcoin is expected to move in the range of 114,500 USD 118,000 or around IDR 1.87 billion IDR 1.93 billion today.