Markets | Amazing Crypto

Cathie Wood: More Tech Companies Will Adopt Bitcoin Treasury Reserves

Wood said large companies are asking her if they should follow Square’s lead.

The ether rally appears to be more organic and driven from within the crypto industry.

A bullish bitcoin mentality appears to be forming in the options market while ether continues on its roller coaster.

The decentralized finance market cap has reached $45 billion as the total value locked in DeFi continues to rise to new highs.

As long as these options remain open in the market, the next couple of days could be volatile for bitcoin.

Altcoins continue to trend higher, but Bitcoin price needs to turn $35,000 to support in order for the entire market to gain momentum.

The company says a “majority” of the ASICs are already deployed.

Last week’s rout in bitcoin market looks like “weak hands” selling out because bidders appeared to materialize whenever prices fell to $30K.

Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note.

Strong hands backed ether’s rally to record highs, on-chain data suggests.