As attention shifts to altcoins, Bitcoin (BTC) has experienced a pause in the uptrend that has characterized the past month. Currently trading 3.8% below its record high of $99,540, questions are raised about the sustainability of this growth and the possibility of a correction as the year draws to a close. Investors Flock To Ethereum And XRP Chris Newhouse, director of research at Cumberland Labs, pointed out that while strong institutional buying pressure persists—particularly from companies like MicroStrategy, which continues to accumulate Bitcoin—there is a noticeable shift in capital flows. Newhouse noted that the broader crypto ecosystem is experiencing a “diversification of capital flows” from both institutional and non-institutional participants. This diversification indicates that as Bitcoin stabilizes, investor interest is increasingly shifting to other digital assets, including Ethereum (ETH) and XRP, which had previously lagged behind Bitcoin. Related Reading: XRP Q3 Overview: Key Metrics Suggest A Bright Future For The Third Biggest Crypto Following the victory of President-elect Donald Trump, who has emerged as a crypto advocate, expectations for more favorable US regulations have risen. This has co ..
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