Altcoins Plunge as Bitcoin Holds Near $27,500 Despite Institutional Bullishness

Bitcoin forks Bitcoin SV and Bitcoin Cash have plunged over 6% and 5% respectively in the past day. Both have dropped double digits in the past week.

Other altcoins like Sui and Apecoin have also seen significant price decreases over the past 24 hours.

Despite price drops, institutions remain bullish - CoinShares reported 2nd straight week of inflows into crypto sector.

Bitcoin is down 1.6% in the past day, trading around $27,500.

Ethereum has lagged by 3% over the past 24 hours from its previous price.