This bullish cycle of bitcoin began officially in July when it once again broke $10,000. This brought Bitcoin back into the headlines and caught the eye of those who sat on the sidelines in 2017.
It became clear that this time, many retail and institutional investors were not going to simply watch as it continued to rise.
Big money and everyday investors dove in head first, the top among them including Grayscale bitcoin fund (GBTC) which currently exceeds 10 billion in crypto assets, and MicroStrategy which just raised another $650M to bring their holdings to $1 billion. Other notable entry's include JPMorgan and Goldman Sachs.
Before today all this activity and Bitcoin's corresponding rising price was classified as 'recovery' - because anything under $19,834 happened once before, when it peaked in 2017 >>> Continue To Full Article...
