Institutional investors continue to scoop up Bitcoin above $100K

Bitcoin crossed the $100,000 mark again on May as institutional investors continue stacking sats.Farside Investors' data shows that spot Bitcoin BTC BTC - $109137.733 exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich. “These inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC BTC - $109137.733 through regulated instruments,“ he said.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-05-09 13:57:02 GMT.

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Price & Market Data

Price: $109137.733

Volume 24h: $53,037,457,042.71

Market Cap: $2,168,482,182,441.65

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,869,225. The last known price of Bitcoin is 108,951.17332458 USD and is down -0.85 over the last 24 hours. It is currently trading on 12185 active market(s) with $53,103,588,411.24 traded over the last 24 hours. More information can be found at https://bitcoin.org/.