Bitcoin (BTC) has seen a massive surge in the past two months, in particular, as institutions jumped into the new asset class. The latest is Blackrock, announcing interest in trading in Bitcoin futures while Grayscale continues to scoop up BTC at an accelerating pace.
Total amount of BTC held by Grayscale Bitcoin Trust. Source: CryptoQuant
However, after a massive surge, the asset’s price has to come down for some tests of support as investors take profit. This is the beautiful cyclical…
… Continue Reading at: cointelegraph.com [source]