
Retail accumulation absorbs fresh supply, propels Bitcoin to record highs
Despite heavy institutional buying after the $110,000 was breached, retail accumulation laid the groundwork by draining exchange balances for months.
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Along with major cap altcoins, tokens related to NFT applications and artificial intelligence also posted significant gains in the past 24 hours.

Crypto liquidations surpass $243 million as Bitcoin slips amid sustained inflation and geopolitical worries.

Bitcoin accounts for 83% of crypto inflows as the US leads global investment momentum.

Falling inflows suggest a holding behavior from investors, indicating that selling at $105,000 could be out of question.

As of press time, Bitcoin was trading at $103,801.74, up 4.5% over the past 24 hours after hitting an intraday low of around $99,500.

Global oil markets are jittery after U.S. airstrikes on Iran threaten the closure of the Strait of Hormuz, while Bitcoin price remains steady.



