Institutional Demand for Bitcoin Declines

Bitcoin has seen a sharp decline in investor demand.

Investment value has fallen by more than $500 million

during the past week, according to CoinShares.

The currency is expected to see further declines in the coming period.

More than $900 million has been recovered in a strong withdrawal wave

of the cryptocurrency, and according to reports,

 withdrawals are likely to increase further in the coming period.

Bitcoin is currently trading near the $109,500 level

following a sharp decline following Trump's recent statements

regarding the imposition of new tariffs on Chinese imports.

The currency has already reached buying territory,

pushing the currency to attempt a renewed rise near the $103,400 level.

We may see some corrections in the currency's current movement.

Price fluctuations are a result of current concerns.

Therefore, it is advisable to exercise caution when dealing with digital currencies.