Bitcoin price has declined 1.03% in the last 24 hours to $26,688, remaining below the support level of $27,000. Bitcoin's outlook is conservative.
Total cryptocurrency market capitalization fell 0.91% in the last 24 hours to $1.06 trillion, while market cap increased 3.20% to $28.54 billion.
Despite Bitcoin's declining value, its institutional adoption continues to grow thanks to high-profile companies such as Square and Japan's Nomura Bank.
This trend suggests that reputable institutions are recognizing Bitcoin as a savings or investment asset.
Their involvement not only contributes to the current transaction volume, but also signals confidence in Bitcoin's future potential.
Etherium fell 1.28% to $1,597 after losing its support level of $1,600.