$BTC

Last week, Bitcoin saw a significant turnout, with investors withdrawing nearly $4 billion worth of BTC from crypto exchanges ¹. This massive withdrawal indicates a strong bullish sentiment among investors.

In terms of price action, Bitcoin tested a new all-time high, reaching $107,780 and trading at $107,400 at the time of writing ². Ethereum also saw a notable increase, with its price rising by over 5% in the past 24 hours and about 6.5% in the past week ².

It's worth noting that Bitcoin's daily trading volume averaged $8.3 billion, double that of the FTSE 100 ². Additionally, institutional adoption continues to contribute to the positive performance of cryptocurrencies, with multiple reports indicating an increase in global institutional crypto adoption ².