After the correction, which amounted to 22% - counting from the highest to the lowest point on the Bitcoin chart in the 7-day range, it is time to rebound and continue gains. The BTC is currently trading around $ 50,000. What's up on the market of this cryptocurrency?
Bitcoin bounces back
Yesterday's Bitcoin session was closed with a slight increase. The lowest price level was $ 47,213.50 and the highest was $ 51,290.14. Currently, BTC is trading around $ 50,000 per coin.
In the 7-day range, this cryptocurrency is close to minus 3%. The recent correction on the Bitcoin chart was 22%.
What is happening around Bitcoin?
A user who noticed this move emphasized that there are very rare occasions where pre-GPU Bitcoins get agitated. Moreover, this has only happened dozens of times in the last few years. He added that it is probably not Satoshi Nakamoto.
Although the oldest cryptocurrency has had a tough week behind it, yesterday there was some positive news related to institutional investors. We informed that MicroStrategy made another BTC purchase, this time spending one billion USD on it. Square has also decided to increase its resources, recently spending USD 170 million on Bitcoin. Last year, the same company bought BTC for $ 50 million.
As it turns out, a Swiss bank founded in 1844 - Bordier & Cie SCmA also became interested in cryptocurrencies. In a public press release, he revealed that he intends to expand his offer with this type of assets through the B2B Sygum platform. In the justification of its decision, the institution emphasized that it was guided by the growing demand from customers. She emphasized that thanks to the newly introduced service, they will be able to buy, store and trade cryptocurrencies such as Bitcoin, Ether, Bitcoin Cash, and Tezos.