BITCOIN IS GEARING UP FOR A HUGE MOVE RIGHT NOW, $50K COULD BE LITERALLY 48 HOURS AWAY!!

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Bitcoin bull 'The Moon Carl' who has over 220,000 youtube subscribers shared in his latest video, "The BTC price is now coiling up for a massive monumental move" and he also shared the following tweet:

"Bitcoin is gearing up for a huge move right now, it's clear in the charts! $50,000 could be literally 48 hours away!"

In other breaking Bitcoin News today:

"Goldman Sachs Sees Bitcoin Market Becoming More Mature And Will Enter BTC By Offering Custody"

Goldman Sachs’ global head of commodities research sees the bitcoin market becoming more mature.

“The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,” he detailed. Meanwhile, the price of the cryptocurrency soared on Thursday, regaining much of the losses from the beginning of the week.

Jeff Currie, global head of commodities research at Goldman Sachs, told CNBC this week that the bitcoin market is becoming more mature. Noting that it is “very difficult to forecast” bitcoin’s price due to the level of volatility and uncertainty in the market, the Goldman Sachs head of commodities research remarked:

I think the market is beginning to become more mature. I think in any nascent market you get that volatility and those risks that are associated with it.

The price of the bitcoin has just returned to the $40K level after taking a nosedive Sunday night, shedding billions off its market cap. It climbed from a low of $36,811 to a high of $40,015 on Thursday, gaining about 8.7%. At the time of writing, BTC is trading $39,583 and its market cap has surpassed $736 billion.

Currie further opined:

The key to creating some type of stability in the market is to see an increase in the participation of institutional investors and right now they’re small.

Currie added that “institutional money” only accounts for “roughly 1%” of bitcoin’s market cap. Meanwhile, Bitcointreasuries.org, the site which lists known companies holding bitcoin, shows that a total of 1,171,889 BTC are held by public companies and investment funds. This amounts to more than $46 billion or approximately 6% of bitcoin’s total market cap.

Nonetheless, the number of institutional investors with bitcoin in their portfolios has been increasing. Several reports suggest growing institutional demand for BTC, such as a survey by Fidelity, which found that almost 80% of 800 institutional investors surveyed find crypto assets appealing. Among recent institutional buyers of bitcoins are Microstrategy, Ruffer, Skybridge, and Massmutual.

In other trending Cryptocurrency news today:

"DOT Flip: Polkadot Overtakes XRP To Become The Fourth Largest Cryptocurrency"

There have been some big movers as the crypto market rally resumes and Polkadot’s DOT token is among them.

According to figures from leading analytics portal Coingecko, DOT has flipped Ripple’s XRP in terms of market capitalization following a massive gain of 26% over the past 24 hours. This makes it the new fourth largest cryptocurrency by market cap.

The Polkadot token has surged from an intraday low of just below $11 to top out at an all-time high of $14.80 before retreating slightly to $14.45 at the time of writing. The big price move has pushed its market cap to $13.7 billion as reported by Coingecko.

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Show Notes / News Resources:
- $50K Bitcoin Prediction: https://bit.ly/3oUo6wn
- Goldman Sachs Enters BTC: https://bit.ly/39zULB6
- Bitcoin Technical Analysis: https://bit.ly/3ssKlM6
- Polkadot Flips XRP Market Cap: https://bit.ly/38U0vqh

DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky and so is investing into Cryptocurrency. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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