Crypto Markets are Sluggish, Bitcoin is Still the Favorite Among Investors!

Bittime - Bitcoin (BTC) has once again demonstrated its dominance in the crypto market, with trading volume reaching 2.8 times that of Ethereum (ETH). Read this article to find out the full news!

Request for Bitcoin Remains High

FalconX, a crypto trading platform focused on institutional investors, revealed that all types of investors are in a net buying condition, which shows that demand for crypto assets, especially Bitcoin, remains strong despite the sluggish market. 

This also shows that Bitcoin remains the most popular crypto asset among institutional investors. Bitcoin's high trading volume shows that despite the emergence of many altcoins, Bitcoin remains the top choice for many large investors.

Read Also: The downward trend in Bitcoin prices is similar to the trend before the 2016 bull market

Bitcoin and Ethereum Domination

Apart from Bitcoin, Ethereum also remains one of the main crypto assets traded with significant volumes. However, the difference in trading volume between Bitcoin and Ethereum reflects investors' preference for Bitcoin, which is often considered digital gold. 

Bitcoin, with its history and wider acceptance, continues to attract attention as a safer investment option amidst global economic uncertainty. FalconX also said that Bitcoin and Ethereum performed much better compared to small-cap tokens. 

BTC and ETH trading volumes were more than double compared to altcoins, indicating that the market is still more likely to favor major crypto assets that are considered more stable and have higher liquidity.

Strategy Buy the Dip

Sstrategy "Buying the dip," in which investors buy an asset when its price falls in the hope that the price will rise again, is also seen among institutional investors. 

These investors appear to be taking advantage of the price drop as an opportunity to accumulate more Bitcoin. This confirms their confidence in Bitcoin's long-term potential despite short-term price fluctuations.

With increasing purchase ratios and growing trading volumes, it is clear that Bitcoin remains the star of the crypto market. This high trading activity also reflects the belief that Bitcoin still has significant growth potential in the future.

Read Also: Chance of Bitcoin Price Returning to Zero or Rising to $1 Million Level

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and other cryptos to find out today's crypto market trends in real-time on Bittime.