Bitcoin Set To Reach $60,000 Again

Bitcoin Set To Reach $60,000 Again

Bitcoin Set To Reach $60,000 Again

-Flagship cryptocurrency, Bitcoin recorded significant gains on Wednesday, pushing it close to $60k for the second time

-The coin’s gains were driven by a positive forecast by the World central bank

-BTC traded at $59,024, up 4.97% for the day

World’s number one cryptocurrency, Bitcoin recorded significant gains for the day following a positive economic forecast from the world bank.

The world bank hinted that there may be a hike in interest rate if America’s employment and economy continue to improve.

Data from Binance revealed that BTC was trading at $59,024.56 on Tuesday, with a trading volume of $60.4 billion. This is a 4.97% increase for the day.

Retail buyers are going all out to purchase more of the flagship crypto while financial brands are also leveraging on the exposure of the asset.

Morgan Stanley’s wealth management also recently informed its financial advisor that it will be providing clients with exposure to BTC. Such a move is likely to cause an increase in the value of the coin in the near future.

Non-profit foundation, Signal also recently announced that it will now be receiving donations in cryptocurrency.

The foundation will be accepting donations in various currencies, including BTC, ETH, ZEC, AMP, LINK, and DAI. The addition of the coins comes at the request of social media users.

Read also: Man loses 10 BTC to fake Elon Musk scam

At the time of this report, Bitcoin is trading at $58,391, with a market cap of $1,087,294,529.


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