The surge in Facebook revenue in Q1 can be attributed to a 30% rise in the average price per advertisement.
Once the legislation comes into force, we can expect a flood of institutional money anywhere around 350 billion Euros coming to the crypto market.
The US securities regulator said that it would need more time to consider the proposed rule changes from VanEck and decide on its Bitcoin ETF application.
O’Leary added that Ethereum will always be used as a tracking system. Meanwhile, ETH has established a new ATH over $2,700.
The new initiative is not a surprise for many as JPMorgan Chase, DBS, and Temasek are not new players in the blockchain and digital currency ecosystem.
The price of DOGE jumped by around 20% after the recent tweet by Elon Musk. At the time of writing, DOGE is trading at $0.32.
Cryptocurrencies, especially Bitcoin, have seen a massive surge over the past year amid its growing adoption among retail and institutional investors.
During the earnings call, Al Kelly firmly reiterated and outlined Visa’s plans, stating that the credit card company has been looking into Bitcoin-related services.
According to Goldman Sachs, many of the indicated stocks have “dramatically outperformed” the broader stock market.
The altcoins including Ethereum (ETH), XRP and Binance coin (BNB) have also seen gains this week, contributing to the crypto market rebound.
Alistair Milne says that tomorrow making its Q1 earnings report Facebook will reveal that it holds Bitcoin on its books.
In its Q1 2021 results, Tesla stated that it has liquidated 10% of its total holdings in Bitcoin netting a positive income of $101 million. The company also revealed good delivery numbers while addressing issues with semiconductor and hardware supplies.
The new move by JPMorgan represents a turnaround for the investment bank as its CEO Jamie Dimon previously called Bitcoin a dangerous fraud.
eToro wants the Bitcoin Value Chain to consist of firms operating in the mining, semiconductor, payments, exchange, custodianship, and insurance spaces, as well as the asset itself.
From a technical point of view, Bitcoin price is still on the rising trend in the long term narrative.