Bitcoin (Bitcoin) There has been a smart recovery in the past few days, and interest in the cryptocurrency space seems to be picking up.JP Morgan Chase has Added access to the new Bitcoin fund Created by the New York Digital Investment Group (NYDIG) for its private banking clients.

The increasing number of traditional financial institutions offering their clients encrypted trading opportunities indicates strong demand for the industry.

On-chain analyst Willy Woo recently stated that powerful holders have been looking for Bitcoin and “lock them in as a long-term investment”. Lead to tight supplyWoo added that he “has never seen such a supply shock opportunity since the fourth quarter of 2020, when the price of BTC was $10,000, but it will be repriced at $60,000 in the next few months.”

Daily cryptocurrency market performance. source: Coin 360

Billionaire hedge fund manager Ray Dalio stated on CNBC that Bitcoin is “a bit like digital gold” and is an important asset used to diversify investment portfolios. However, if there is one, Dalio seems to prefer gold. Only need to select an asset Between the two.

Andreessen Horowitz co-founder Marc Andreessen is more optimistic about Bitcoin, calling it “one of the most amazing things I have ever seen” and “a basic technological breakthrough.”

As demand picks up, will Bitcoin and altcoins begin to rebound more strongly? Let’s study the charts of the top 10 cryptocurrencies to find out.