Krutika Adani
MicroStrategy ($MSTR) has seen a consistent demand for its stock in international markets. A few big names being South Korean National Pension Fund, Swiss National Bank, Norges Central Bank, and The State Board of Florida Retirement System
Barring a few days with heavy outflows, the ETFs have remain consistent Bitcoin buyers throughout the last month.
Besides ETFs, retail investors too have been consistently buying Bitcoin.
By mid August, nearly $2.5 billion worth of stablecoins have entered the crypto markets. Due to their critical role in providing liquidity, rise in stablecoin volumes are seen as a precursor to rallies.
At press time Bitcoin was at $58,422. The price might face resistances at $61.6k, $68.2k and $73.7k. While on the downside, $55k and $50k remain strong supports.