Crypto-Follow logo Crypto-Follow logo
NewsBTC 2022-02-07 22:00:33

Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail

Bitcoin is back on the green side across the board with important gains on lower timeframes. The benchmark crypto managed to push away from the high area around $30,000, taking off deep into the $40,000 territory. Related Reading | Is The Bitcoin Bottom In? Here’s What SOPR Data Says As of press time, Bitcoin trades at $44,351 with a 6.4% profit in the last 24-hours. During today’s trading session, BTC’s price seems to be positively reacting to several bullish news, including the announcement made by accounting giant KPMG. The Canadian-based company added Bitcoin and Ethereum to its balance sheet boosting the case for crypto adoption. Of all the institutions and high profile investors to go public on owning BTC in recent years, KPMG's announcement today is right at the top in terms of importance and credibility. Hard to overstate this one. — MacroScope (@MacroScope17) February 7, 2022 On-chain analyst Jan Wüstenfeld showed the potential impact from the BTC purchase announcement. As seen below on the daily chart, BTC’s price rose from $4,3700 and almost broke through the major resistance point at $45,000. In addition, the U.S. Securities and Exchange Commission has green-lighted investment firm Valkyrie’s Exchange Traded Fund (ETF) based on publicly traded Bitcoin mining companies. The investment product will start trading tomorrow, February 8th, and will allow for more institutional investors to gain indir...

#
Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine