Bitcoin Price Slips to $102,577 Amid Growing Institutional Interest
Bitcoin price fell by 1.63% on Tuesday to $102,577.22 after a rise of 9.06% in the last week, and over 21.96% in the past month. As Bitcoin maintains the $2 trillion market cap, giants like Metaplanet, BlackRock, and Goldman Sachs are scaling their BTC holdings despite short-term volatility signals.
First-time buyer wallets that are engaging with BTC are showing great strength, and their First-Time Buyers RSI (Relative Strength Index) has remained at 100 throughout the week. This metric implies a consistent retail interest, which may be driven by fear of missing out (FOMO). The FOMO based buying is accompanied with rapid price growth of a coin.
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But unlike new investors, seasoned investors are not adding fresh capital as much. Momentum buyers, who typically benefit from …
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