As for institutional adoption, “...I don't think, I know, starting more or less next week, you're going to see an absolute drumbeat of pretty game-changing milestones from some of these firms,” said NYDIG CEO Robby Gutmann.
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Bitcoin Shorters Beware! Market lies in wait for $50,000
Thin resistance between spot price and the $50,000 hurdle amid more public endorsement of corporate Bitcoin buying
Broadly thought to be a watershed moment for the cryptocurrency, Tesla’s buy-in had proponents arguing that other big tech firms would have no choice but to follow. Thereafter, naysayers voiced caution, arguing that Bitcoin’s volatility itself would stop smaller outfits converting a significant portion of their treasury.
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Markets Report: Crunch time for Bitcoin as Tesla buys $1.5 billion in BTC
Bullish price action meets its match as Tesla appears to commit to a pro-Bitcoin future, buying the cryptocurrency and paving the way for payments
After a promising week’s trading, BTC/USD rose above the upper limit of its $10,000 trading corridor on Saturday before correcting, with $40,000 support still out of reach. A sudden move from Tesla then changed the atmosphere entirely. What’s next?
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Markets Report: Ether hits $1,700 high but data hints firms piling into Bitcoin
Sideways price action continues for Bitcoin, but all the signs of a bullish continuation are there before the weekend
Monday began with the fallout from retail investors’ takedown of shorters on traditional markets. As regulators caught on and trading platforms shut down access to certain stocks, Bitcoin proponents swiftly stepped in to highlight the comparative freedom inherent in Bitcoin markets.
