Crypto Daybook Americas: Massive Selloff Doesn't Stop BTC Institutional Adoption
On January 14, 2025, Bitcoin's price dipped below $90,000 but quickly rebounded to over $96,000. Despite macroeconomic challenges, the institutional demand for BTC remains strong, with notable purchases such as Intesa Sanpaolo, Italy's largest bank, acquiring 11 BTC for $1 million. The corporate Treasury purchases of BTC have already reached 5,774 BTC in January, suggesting robust institutional interest. The recovery follows a recent price weakness that saw BTC touch record highs above $108,000. Investors look forward to the U.S. producer price index release, which could indicate softer inflation and provide further support for BTC prices. Various macroeconomic indicators are also being monitored, including core inflation rates and unemployment claims. Notable crypto sector performances include AI tokens significantly outperforming others, while real-world asset tokens face declines. The article emphasizes the ongoing institutional adoption in the cryptocurrency market amid broader economic fluctuations.
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