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.