Weak Institutional Demand Holds Back Bitcoin's Price Recovery

Bitcoin has maintained its price at $64,451 despite efforts to recover from recent losses. The market's inability to sustain strong institutional demand is limiting the cryptocurrency's potential for growth.

The lack of significant investment from institutions, which are typically major drivers of price increases, is a key factor in Bitcoin's current stagnation. This weak demand has made it challenging for the market to rebound from its recent decline.