“Perhaps one more shake-up, then a push up. But hey, it’s just a guess, and a guess is the best we can offer,” Peter Brandt wrote on Twitter.
The world’s first cryptocurrency rose to $27500 on Tuesday, May 23.
During the day, bitcoin has increased in price by 2%, and its market capitalization is now $530 billion, and the daily trading volume – $12.6 billion.
Bitcoin’s share of the crypto market is now 44.5%.
CoinShares reported in a new weekly market review that institutional investors have withdrawn funds from cryptocurrency trusts for the fifth week in a row.
From May 15 to 19, cryptocurrency investment funds withdrew assets worth $32 million. In just the last five weeks, the outflow of funds totaled $232 million.
Earlier, Robert Kennedy Jr., a U.S. presidential candidate who has been a consistent supporter of digital assets, called the first cryptocurrency an example of democracy.