Bitcoin ATM installations were experiencing a resurgence after a dip in late 2022.
price fell significantly in the last few days, however, there could be reasons for investors to be optimistic about the king coin.More Bitcoin ATMs mean easier entry points for new investors. With ATMs familiar and widely used, buying Bitcoin becomes less intimidating for those unfamiliar with cryptocurrency exchanges.
Moreover, the growing number of ATMs suggested a maturing and potentially more stable crypto ecosystem. This can improve investor confidence, which is a crucial factor influencing price.A new report by CoinShares paints a positive picture for Bitcoin, revealing a total of $441 million in inflows last week. This is a significant turnaround after several weeks of outflows.
According to CoinShares, this buying spree was likely triggered by a combination of factors, including the recent weakness in Bitcoin prices, activity from Mt. Gox, and selling pressure from the German government.Looking geographically, the inflows were primarily concentrated in the United States, which saw a whopping $384 million.
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