Price analysis 4/9: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA
Hong Kong technology company Meitu uncovered on April 8th that it had added $ 10 million in value (BTC) on its inventory, purchased at an average price of $ 57,000 per coin. As of the last purchase, Meitu’s entire cryptocurrency portfolio consists of Bitcoin valued at $ 49.5 million and Ether valued at $ 50.5 million (ETH). This acquisition shows that institutional investors are confident that the rally in Bitcoin is still in its early stages.
Tom Jessop, Fidelity’s head of crypto, believes Bitcoin has hit one Tilt Period and that traditional financial firms will continue to aggressively adopt cryptocurrency for the next several years. Jessop believes the massive monetary stimulus from governments and central banks has accelerated institutional adoption, and this is a trend that could extend for at least another year.
Daily market performance in cryptocurrencies. Source: Coin360 Daily chart. Source: TradingViewETH / USDT daily chart. Source: TradingViewBNB / USDT daily chart. Source: TradingViewXRP / USDT daily chart. Source: TradingViewADA / USDT daily chart. Source: TradingViewDOT / USDT daily chart. Source: TradingViewUNI / USDT daily chart. Source: TradingViewLTC / USDT daily chart. Source: TradingViewLINK / USDT daily chart. Source: TradingViewTHETA / USDT daily chart. Source: TradingView
Read on on Coin Telegraph
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