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BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

Bitcoin (BTC), the overall crypto sector, and the S&P 500 index correct on April 6, underscoring the close correlation between the two sectors.

Despite the weakness, institutional investors do not appear to be stopping buying, suggesting they remain optimistic over the long term. Terra used the drop to buy another 5,040 bitcoin, bringing its total holdings to 35,768 bitcoin.

Terra was not alone in this endeavor. MicroStrategy, the treasury with the largest bitcoin reserves, also added 4,197 bitcoin to its holdings through its subsidiary MacroStrategy. After the last purchase, the business intelligence company holds 129,218 Bitcoin.

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Daily performance of the cryptocurrency market. Source: Coin360

Another sign of a strong appetite for bitcoin can be seen in the inflows into the two Canadian bitcoin exchange-traded funds. Funds increased holdings to an all-time high of 69,052 bitcoin, up from 6,594 since January, according to Glassnode data.

Could bitcoin and altcoins enter a deeper correction or will lower levels attract buying? Let’s study the charts of the top 10 cryptocurrencies to find out.