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<p><strong>Investment </strong>funds began buying the main <strong>cryptocurrency </strong>after its price dropped below $ 35 thousand. On the evening of May 19, more than 37 thousand <strong>cryptocurrency</strong> were withdrawn from <strong>crypto exchanges</strong>.</p>



<p>The main buyers of <strong>bitcoin </strong>during the collapse of its quotations to $ 30 thousand on May 19 were large <strong>investment </strong>funds, said <strong>Julian Emanuel</strong>, managing director of the financial company <strong>BTIG</strong>, in an interview with <strong><a href="https://www.cnbc.com/2021/05/19/btig-keeps-50000-target-on-bitcoin-says-institutions-are-buying-during-rout.html" target="_blank" rel="noreferrer noopener">CNBC </a></strong>. </p>



<p>In his opinion, the fact that after the collapse of the main <strong>cryptocurrency</strong>, it returned to the level of $ 39-40 thousand, speaks of the recognition of <strong>bitcoin </strong>as a viable alternative investment in a diversified portfolio.</p>



<p class="has-text-align-center"><em><strong>BTIG </strong>is a global financial services company specializing in institutional trading and related brokerage services, and has over 3,500 institutional clients worldwide.</em></p>



<p><strong>Cryptocurrency </strong>broker Genesis Global Trading started sending out the same information to its clients yesterday, reports The Block . The document says that large <strong>investment </strong>funds started <strong>buying bitcoin</strong> after its price dropped below $ 35 thousand.</p>



<p class="has-text-align-center"><em>Genesis Global Trading is the first US <strong>cryptocurrency</strong> broker to serve institutional clients since 2013.</em></p>



<p>According to the bot of the analytical service <strong>CryptoQuant,</strong> on the evening of May 19, more than 37 thousand <strong>bitcoins </strong>were withdrawn from the main <strong>cryptocurrency exchanges</strong>. </p>



<p>A few days before that, there was a record inflow of <strong>cryptocurrency</strong> to sites since March 2020.</p>



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