Bitcoin has set a new all-time high (ATH) above the $69,000 level as institutional investors have aggressively bought on Coinbase.
Bitcoin Has Set A New ATH Above $69,000
The moment that every Bitcoin investor had been looking forward to has finally arrived today. The cryptocurrency just smashed past the record set in November 2021 to create a brand new ATH beyond the $69,000 level.
BTC sets a new ATH | Source: BTCUSD on TradingView
This historical moment has come for the asset as institutional investors have been showing some strong buying pressure recently.
Bitcoin Coinbase Premium Index Spikes To Highest Levels For 2024
As an analyst in a CryptoQuant Quicktake post explained, US institutional investors appear to be scrambling to buy Bitcoin as they are starting to feel FOMO with the sharp bullish momentum the cryptocurrency has enjoyed.
The metric of interest here is the “Coinbase Premium Index,”…
