BTC/USD: waiting a breakout of 50000.00

Current trend

Last week, the pair BTC/USD attempted to grow, tested 50000.00, but failed to consolidate above it.

Even the Senate's approval of a package of USD 1.9 trillion stimulus cannot provide sufficient support to strengthen the coin. Previously, additional financing of the national economy was considered by experts to be a serious driver of the cryptocurrency market growth. It should be noted that significant interest of institutional investors in BTC is hampered not only by the instability of the asset, but also by the lack of a clear regulatory framework. Investors do not understand the final status of digital currencies and the principles of their taxation. As a result, very few public companies risk supplementing their investment portfolios with bitcoins. Currently, major market players own about USD 9 billion of BTC tokens, but more than 7 billion of them are held by MicroStrategy Inc. and Tesla Motors, Inc., while the rest of investors prefer to wait . 


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