Bitcoin Surging All Time High

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Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.

Summary Of The Week

A mere month ago, bitcoin was hovering below $30,000 with many expecting a further dump. But if you bought the dip, you’d already be up over 60% with bitcoin breaking $50,000 on Sunday, trading on levels last seen in mid May. With bitcoin’s surge of over 60% over the last month, can we expect it to hit its most recent all-time high of just over $64,000?

Perhaps unsurprisingly, the last week has been full of bullish news as more institutional investors come onboard, banks pave the way for bitcoin adoption, and legendary investors jump on the bitcoin bandwagon (or confirm they’ve been along for the ride this whole time). Let’s take a look at the last week in bitcoin.

Timeline Of Bitcoin This Week

Bullish Financial Services News

❶ Not to be left behind, global retail giant, Walmart, posted a job listing for a ‘digital currency and cryptocurrency product lead’ on Monday. Following in the footsteps of other retail giants, such as Amazon, Walmart appears to be getting ready to explore the acceptance of bitcoin and other cryptocurrencies. For some context on the company’s size, in its last fiscal year, Walmart reported nearly $560 billion in revenue, during a global pandemic. The scale at which they operate could bring a drastic increase to the bitcoin network should they choose to allow bitcoin payments.



Source link Bitcoin Magazine

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