Institutions Are Buying The Dip

Bitcoin has moved up from @ $32,000 this morning to $38,445. Meanwhile, institutions are buying the dip. A little suspect if you ask me but new people to this fall right into the trap.


  • BTIG’s Julian Emanuel is keeping his year-end target of $50,000 on bitcoin, despite its wild sell-off.
  • Institutional investors were buyers of the currency after it plunged to $30,000, he said.
  • Emanuel said the sell-off was in part sparked by new regulations from China, and the potential for U.S. regulations hangs over the crypto market.


Master Asked on May 19, 2021 in Bitcoin.
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