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Crypto Sentiment Shifts Bearish As Bitcoin Sees Renewed Interest From Institutions And Nations

  • Crypto market sentiment has shifted from bullish to bearish in the past two weeks, with investors showing caution and focusing on Bitcoin.
  • El Salvador has increased its Bitcoin reserves by purchasing 29 BTC, bringing its total holdings to 5,995 BTC worth $562 million.
  • MicroStrategy has expanded its Bitcoin holdings by buying an additional 5,262 BTC worth $561 million, bringing its total to 444,262 BTC valued at $42.58 billion.
  • Bitcoin-focused financial products, including spot ETFs, have seen significant institutional inflows, with BlackRock's iShares Bitcoin Trust recording a weekly net inflow of $1.45 billion.

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