Bitcoin has reclaimed the $6,600 price point, amid a major market rally bolstered by news that the $6.3 trln asset management behemoth BlackRock is eyeing crypt...
The news of a big corporation or entity possibly joining crypto is not the first time and its impact have not seen Bitcoin and Altcoins moon in my perspective?
What are your thoughts on the market going green today?
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I disagree. If we look at the volume today, it spiked up in 5 minutes and it was most certainly a whale buying up and that's about it. Moreover, BlackRock also said that the demand from its clients to introduce bitcoin was zero. So I don't see that correlation.
Exactly @anubhavgirdhar I share your view as well, in as much the upward trend is often linked to such news I would love to see a major influx into crypto.
It is sort of inevitable with institutional money waiting on the sidelines for robust and stable custodian.
I wrote an article if you would like to have a look.
https://steemit.com/bitcoin/@anubhavgirdhar/why-a-20-trillionusd-crypto-market-bubble-is-inevitable
I will sure have a look!
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