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Bitcoin Takes Aim at $70,000 as Institutional Demand Skyrockets
Following a month-long consolidation period, the buying pressure behind Bitcoin is finally being reflected on prices. The flagship cryptocurrency has broken through a crucial resistance level, threatening to rise toward $70,000. Institutional Demand Skyrockets: According to Bloomberg, Tesla’s decision to allocate some of its wealth into BTC served as an “inflection point” that has encouraged many institutions to follow suit. The narrative around cryptos has shifted toward “the risks of missing out on the potential for Bitcoin becoming the global benchmark digital asset.” Demand for Bitcoin has risen to an ... (full story)
