Crypto Roundup, March 9, 2021

image.0 1

Since falling alongside the stock market early last week, Bitcoin has bounced beyond $50K, bringing most of the crypto market back into the green. The comeback was accompanied by a string of bullish headlines. Goldman Sachs has restarted its crypto trading desk and is considering launching a Bitcoin ETF, Charles Schwab is said to be exploring crypto trading, and Citibank has released a report that claims Bitcoin is at a “tipping point” and could evolve into an “international trade currency.” Meanwhile, Cardano and Binance Coin have pulled back more than 8% after euphoric rallies, and IOTA has gone up 7% after developers announced the release of a smart contract protocol. This Crypto Market Week’s Highlights Institutions soak up Bitcoin supply Ethereum schedules critical upgrade Institutions soak up Bitcoin supply Institutions are buying up Bitcoin faster than it can be mined, according to data from on-chain market intelligence firm Glassnode. This…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE