Grant Cardone Capital has announced plans to purchase 1,000 Bitcoin using profits from real estate, a move that underscores growing institutional interest in the cryptocurrency.

This acquisition, valued at approximately $67.8 million, highlights Bitcoin's appeal as a store of value among institutional investors.

At the time of the announcement, Bitcoin was trading around $67,820, reflecting a 3.2% increase in the past 24 hours.

Bitcoin is currently testing a critical resistance level near $68,000, with a potential breakout that could push prices toward $70,000.

Market sentiment appears positive, as 68% of Bitcoin addresses are in profit, which may lead to increased buying pressure.

On-chain data reveals a 12% increase in Bitcoin wallet addresses holding over 1 BTC in the last month, indicating accumulation by larger investors.

Additionally, on-chain transaction volume for Bitcoin has risen by 15%, suggesting growing network activity and the potential for price rallies.

The announcement has also had indirect effects on AI-related crypto tokens, with Render Token experiencing a price increase amid broader market optimism.

Trading pairs like ETH/BTC have seen slight increases, indicating a potential positive correlation between Ethereum and Bitcoin's performance.

Technical indicators are showing bullish momentum for Bitcoin, with the Relative Strength Index (RSI) not being overbought and the MACD indicating a bullish crossover.

Following the announcement, Bitcoin's trading volume surged by 18% on Binance, reaching $1.2 billion within two hours, reflecting heightened market enthusiasm.

Volatility in the BTC/USDT pair has created opportunities for scalpers, with price fluctuations of up to 1.5% in 15-minute intervals.