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Benzinga
Benzinga
Business
Rishabh Mishra

Bitcoin, Ethereum, Ripple Have 'Big Money' Moment As Expert Sees 'Incremental Institutional Buyers' Driving Current Rally

Bitcoin Ethereum Crypto ETF Jessica Rabe DataTrek XRP
Strategy Boosts Bitcoin Yield 20% YTD

While cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Ripple (CRYPTO: XRP) have been rallying and scaling fresh highs as compared to stablecoins, this expert believes that “big money” or institutional investors have been driving the price of these virtual currencies.

What Happened: While retail investors’ participation has increased over time in cryptocurrencies, the latest data from CoinTelegraph, citing Onchain metrics, has shown retail investor demand is drying up.

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