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tradingking5

08/15 13:40

Bitcoin Records 2nd Consecutive Week of Cash Inflo



Bitcoin (BTC) demand by institutional investors has remained high amid rising fears of short-term crypto market capitulation. According to market data from CoinShares, Bitcoin’s investment product recorded the second consecutive week of cash inflow last week of about $1.1B. 
As a result, the BTC’s investment products have posted a net monthly flow of about $2.38 billion and a year-to-date cash inflow of around $12.7 billion. The United States led in net cash inflows of about $1.25 billion, while Hong Kong and Switzerland posted a net cash outflow of about $32.6M and $7.7M respectively.
Bitcoin price has rebounded over 3 percent to trade about $104,100 on Monday, June 24, during the mid-North American trading session. The flagship coin, however, faces a significant resistance range between $110k and $112k.
In the weekly..
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