This is what drives the ongoing Bitcoin bull market, Singapore Trading Desk explains
Bitcoin has seen an extremely strong rally in the past few months - despite the ongoing decline. The cryptocurrency is currently trading for $ 37,000 and is up around 100 percent in the past six weeks. Even more in the last six months. Other cryptocurrencies besides BTC also performed well. But what's behind the persistent bull market? A Singapore-based trading desk suspects the Bitcoin rally is largely a by-product of institutional inflows...