Due to fear of attacks from the U.S. SEC, investors are selling cryptocurrencies, and some companies have begun utilizing this opportunity to aggressively increase their holdings of coins and tokens while their prices are low, hoping that after fears end, they will increase in value.
Now, big institutions are increasing their Bitcoin exposure even though the prices have begun plummeting toward the red zone. Alongside all of this, Tradecurve, an upcoming hybrid exchange, has been forming a bullish pattern.
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Why Large Companies Are Bullish on Bitcoin
Throughout the recent months, large corporations have injected huge amounts of liquidity into MicroStrategy, and some of the largest companies to do so include BlackRock and Fidelity, alongside Bank of America. For corporations that are not interested in buying Bitcoin directly, MicroStrategy shares typically serve as a reliable proxy investment, with the goal of getting exposure to the price performance of
We współpracy z: https://cryptodaily.co.uk/2023/06/blackrock-fidelity-bank-of-america-are-buying-bitcoin-tradecurve-forming-a-bullish-price-pattern
