US Investors Drive Bitcoin’s Surge, K33 Research Reports

The latest report published by crypto analysis firm K33 Research reveals that American investors have been flocking to Bitcoin (BTC) as institutional activity accelerates, bolstering the surge of the largest cryptocurrency by market value. US Investors Taking the Helm in Bitcoin In a recent report, K33 Research suggests the increase in Bitcoin’s price and transaction volume has recently been concentrated in US trading hours. The report indicates that American investors are the driving force behind the strong performance of BTC. It states that the impact of Asia and Europe trading hours on Bitcoin diminished as the price hit bottom around 16,000 dollars, with the largest cryptocurrency garnering approximately 30 percent cumulative gains during US trading hours. Expectedly, activity in the US increased following the world’s largest asset management giant, BlackRock’s application to the US Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF) on June 14. The […] The post US Investors Drive Bitcoin’s Surge, K33 Research Reports appeared first on COINTURK NEWS.