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Coinbase’s decision to go public is also an indication of the growing adoption and acceptance of cryptos by the mainstream.
Although one-year Tesla stock figures look good, 5-day, 1-month, and year-to-date movements are currently taking the heat, despite Bitcoin purchases.
From the technical point of view, Bitcoin price remains bullish both on the higher and lower timeframes.
In its announcement Ripple noted that it is happy with the progress it had achieved with MoneyGram.
The 306 points accrued by the Dow Jones were fueled by the approval of the Biden administration’s $1.9 trillion coronavirus stimulus bill by the US Senate.
First rumors about PayPal’s intention to acquire Curv appeared on March 2. Before that, PayPal was going to acquire crypto custodian giant BitGo. However, the deal didn’t go through.
While the COVID-19 pandemic has slowed down markets worldwide, especially the US stock market, several investors and traders went after alternative assets and options that could provide them a better store of value.
The Federal Reserve chairman acknowledged the surge in the US Treasury bond yields but didn’t suggest any action to keep the long-term yields under check.
UBS analyst also highlighted that “Tesla has the potential to become one of the most valuable software companies.”
The 21st-century art enthusiasts are stashing physical artwork and converting them into digital collectibles in the forms of blockchain-based NFTs that are further auctioned for millions of dollars.
There may be an end to the recent pullback if Bitcoin stays above $50K. Analysts are predicting a new high above $58,000.
The US stock market is perhaps responding to a 1.41% drop in the 10-Year Treasury rate, a major focus point for equity investors.
Goldman Sachs first launched a cryptocurrency trading desk back in 2018. However, at that time, Bitcoin’s price was plunging, which did not encourage interest in the currency at all.
On Monday, the broader markets gained with bond yields falling from last week’s high and bringing optimism back to Wall Street. Stocks across tech, aviation, energy, and electric-vehicle sectors gained properly.
Stock markets worldwide reacted positively to the drop in the 10-year US Treasury Yield as well as the $1.9 trillion stimulus package approved by the House.