Reports of major financial institutions venturing into Bitcoin have restored some market confidence, and triggered a rally. In the last couple of days, $BTCUSD-0.5% price has experienced a 20% increase, peaking at $30,223.
Bitcoin USD
BTCUSDCapital Structure
Market Cap
1.2T
Enterpr. Val.
-
Valuation
P/E
-
P/S
-
Currently, it fluctuates within the $30k range. If these developments come to fruition, this rally could potentially evolve into a bull run, propelling Bitcoin towards the $45k range.
All this despite all the lawsuits and threat of regulatory enforcement shows how resilient this asset is in my opinion.
