Bitcoin’s drop below $70,000 has long-time holders feeling unsure, while institutional investors see a new opportunity. Standard Chartered’s Geoff Kendrick predicted Bitcoin wouldn’t fall below $100,000 again, but it’s down 22.60% in the past month, trading at $69,635. Bitwise CEO Hunter Horsley says Bitcoin is in a bear market and being affected by market trends.

Gold has fallen 11.43% from its all-time high, trading at $4,968, while Silver is down 35.95% from its peak, now at $77.98. Hunter Horsley notes strong demand for Bitcoin from institutions, with Bitwise seeing $100 million in inflows in one day. Bitcoin searches spiked on Google as the price dropped to $60,000.

Institutional investors continue to show interest in Bitcoin, with BlackRock’s spot Bitcoin ETF seeing $231.6 million in inflows following a volatile week for the asset. Google Trends data shows a surge in searches for Bitcoin as the price dipped to $60,000. Retail investors are also showing increased curiosity in the market.

Read more at Cointelegraph: Bitcoin Is Offering ‘New Crack Of The Apple’ To Institutions: Bitwise CEO