Bitcoin Dips on Almost Reaching $50,000

bull year 2021

Bitcoin rose to $49,700 on a raft of news indicating growing adoption of digital gold with the currency dipping after almost taking $50,000. A three days weekend still had bullishness for bitcoin which nonetheless gave us a valentines red with it falling to $45,800 overnight. The currency now trades at almost $48,000 this bank holiday with its market cap at $888 billion. The dip was to be expected, but the attempt at taking $50,000 so soon maybe wasn’t as it’s considerable resistance. That it tried shows this is very bullish, with plenty of reasons for it, starting with Morgan Stanley which apparently is thinking of bitcoining. “A $150 billion Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets. Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether…

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