Bitcoin faced a notable correction today, slipping 4.6% to an intraday low of $92,584 from its earlier high of $99,500, wiping out $118 million in long positions. Despite the turbulence, institutional interest in Bitcoin remains unwavering. Spot Bitcoin ETFs shattered records with $3.12 billion in weekly inflows, according to CoinShares, while MicroStrategy made headlines by adding 55,000 BTC to its holdings, now totaling a staggering 386,700 BTC acquired for $5.4 billion.<\/p>\n\n\n\n
Interestingly, as Bitcoin pulled back, altcoins showed surprising strength, with swift dip-buying underscoring growing investor interest and a potential shift in focus toward alternative assets.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin faced a notable correction today, slipping 4.6% to an intraday low of $92,584 from its earlier high of $99,500, wiping out $118 million in long positions. Despite the turbulence, institutional interest in Bitcoin remains unwavering. Spot Bitcoin ETFs shattered records with $3.12 billion in weekly inflows, according to CoinShares, while MicroStrategy made headlines by […]<\/p>\n","protected":false},"author":93,"featured_media":40342,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-43391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=43391"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43391\/revisions"}],"predecessor-version":[{"id":43394,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43391\/revisions\/43394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40342"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=43391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=43391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=43391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}