Analysis News

Bitcoin (BTC) sends mixed signals

Staying at new level of dropping, Bitcoin gives conflicting signals. Some analysts are skeptical of growth. But there are events that clearly should raise bitcoin.

The Bakkt platform reports about more than double growth per month and overcoming the 100-million volume in dollars.

Everything happens as experts predicted, in particular, as Mike Novogratz told Coinstelegram in an exclusive interview: “The new service only needs time to gain a client base!” Supporting the trend, Mike’s Galaxy Digital, “cryptocurrency bank”, “the bridge between the crypto and the institutional worlds”, launches two funds. Although only one of them is declared as a fund for institutional, in fact, both of them are focused on large investors: the minimum investment is $ 25K.

The funds will use the custody at Bakkt and Fidelity Digital Assets, a company that is mainly focused on custodial services. And by the way, Fidelity Digital Assets recently received a license to provide cryptocurrency trading and custody services in the state of New York. Fidelity Digital Assets President Tom Jessop emphasizes:

– We have experienced a high interest level from these firms and anticipate that their increased involvement in this industry would enable more activities and development across the spectrum.

Apparently, the rumors that the institutionals are leaving crypto – are again exaggerated. The turn of IT giants from cryptocurrencies towards traditional banking did not play a fatal role in the development of the cryptocurrency market. Perhaps not yet did not play.

Read on Coinstelegram soon about the results of Coinstelegram Research Special study: Bullrun or a collapse? What awaits us in the long term?