BTC at $0.097M, What's Next?
YAY
Bitcoin has shown great momentum over the past week and reached 0.097M US dollars. Could this be the Mother of All Bulls?
Some of the major crypto news does suggest this, let's dive in ⤵️
🔶 El Salvador's holds above $500 million of BTC, but Bhutan's story is even bigger! The royal government of Bhutan owns over $1.3B worth of Bitcoin, making up 34% of its total GDP.
🔶 US senator Cynthia Lummis has recently put forward a bill for the US government to purchase 1M Bitcoins over a period of 5 years.
🔶 $9.3 billion worth of stablecoins were deposited on top exchanges following Donald Trump's election victory. This type of massive inflow of stablecoins has triggered bullish rallies in the past, is this bound to happen again?
🔶 With over $1B inflows, Bitcoin ETFs have reached ATH in assets and on its path to passing gold ETFs.
Overall, the market sentiment and the news background is in favor of the upside continuation. Manage your risks, and learn how to take advantage of this market with YAY Network 😎
