DASH Surges to 3-Year High While Bitcoin Institutional Demand Wanes
DASH Surges to 3-Year High While Bitcoin Institutional Demand Wanes
DASH has achieved a significant three-year high, indicating a strong breakout rally and renewed investor interest in privacy-focused digital assets, with analysts predicting further gains above $100. Conversely, Bitcoin is experiencing a downturn as institutional net buying has fallen below the daily mining supply, reversing a key bullish metric, amid dwindling corporate demand and increased whale movements to exchanges.
DASH Hits Multi-Year High, Analysts Eye Further Surge
Dash's impressive breakout rally has propelled the privacy coin to a three-year high, effectively bringing privacy-focused cryptocurrencies back into the market spotlight. Expert analysts are bullish on DASH, anticipating its price to push beyond the $100 mark as investor appetite for such assets continues to strengthen and build momentum.
Institutional Bitcoin Buying Dips Below Mining Supply
In a notable shift, institutional net buying of Bitcoin has recently dropped below the daily mining supply. This development reverses what was previously considered a significant bullish indicator for the leading cryptocurrency. The decline is attributed to a weakening in corporate demand and substantial movements of BTC by large holders (whales) onto exchanges, which often signals potential selling pressure.