Bitcoin (BTC) has regained footing, rising above $70,000 after a 10% surge in the past 7 days.
Goldman Sachs analysts have made a bold prediction that the banking giant’s hedge fund clients are gearing up to flood into the crypto market.
The cryptocurrency market has recorded an incredible uptick in the last three months that culminated in Bitcoin (BTC) setting a new all-time high of nearly $75,000. However, this was preceded by a drop that saw the world’s largest cryptocurrency asset breach the $70,000 support at the start of the month.
At the time of writing, Bitcoin has climbed back above $70,300 after a 9% surge in the last 7 days. This sets up the asset for a historically bullish April.
The recent price resurgence is owed to rising institutional interest, which is not only attracted to the asset due to the rising prices that typically trigger FOMO but also to the launch of ETFs, which have ensured easy access to the digital asset.
According to some data, institutional
