Crypto News

Here are some key factors driving Bitcoin's current rally: Adoption by Major Institutions The adoption of Bitcoin by major institutions such as Tesla, PayPal, and Square has been a major catalyst for its recent surge. These companies have added Bitcoin to their balance sheets and have also started accepting it as a form of payment, increasing its mainstream appeal and credibility. Inflation Hedge The global economic uncertainty caused by the COVID-19 pandemic has led to an increase in inflation and a weakening of major fiat currencies. As a decentralized currency with a finite supply, Bitcoin has emerged as a potential hedge against inflation, attracting investors looking to diversify their portfolios and protect their wealth. Increased Retail Interest The rise of retail trading and the ease of access to cryptocurrency exchanges have made it easier for individuals to invest in Bitcoin. This has led to a surge in demand, driving up its price. The recent...