BTC-USD
Bitcoin tops $60K amid more institutional investment
- Bitcoin (BTC-USD) rose to high as $60,322.60 today as the Beeple NFT
sale continues to draw attention to the cryptocurrency.
- Institutional investment continues to increase with Chinese internet
firm Meitu reported to be the latest large company to execute a Bitcoin
treasury strategy.
- The rise could be notable as it corresponds with an upward lift in
Treasury yields as well. Meanwhile, technical traders say Bitcoin has
broken through an important resistance level. The development is also of
interest to Coinbase (COIN), which is prepping for a direct listing.
- Bitcoin is up more than 40% since Tesla disclosed its $1.5B investment.
|Today, 8:42 AM|239 Comments
Bitcoin tops $60K amid more institutional investment
- Bitcoin (BTC-USD) rose to high as $60,322.60 today as the Beeple NFT
sale continues to draw attention to the cryptocurrency.
- Institutional investment continues to increase with Chinese internet
firm Meitu reported to be the latest large company to execute a Bitcoin
treasury strategy.
- The rise could be notable as it corresponds with an upward lift in
Treasury yields as well. Meanwhile, technical traders say Bitcoin has
broken through an important resistance level. The development is also of
interest to Coinbase (COIN), which is prepping for a direct listing.
- Bitcoin is up more than 40% since Tesla disclosed its $1.5B investment.
|Today, 8:42 AM|239 Comments
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