#bitcoin is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock (NYSE:BLK) having filed an application for a Bitcoin ( #BTC ) spot exchange-traded fund could not boost prices higher. This suggests that investors remain cautious due to the regulatory overhang.
However, this does not mean that professional investors have abandoned plans to invest in cryptocurrencies. The Laser #Digital Investor Survey of institutional investors conducted in April shows that 90% of the respondents were ready to consider putting #money into crypto if the asset was backed by a “large traditional financial institution.” Another positive was that 82% of the investors polled were positive on crypto’s prospects over the next 12 months.
Daily cryptocurrency market performance. Source: Coin360
BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
DOGE/USDT daily chart. Source: TradingView
SOL/USDT daily chart. Source: TradingView
MATIC/USDT daily chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView