The Bitcoin dropped from 59,918.43 to 45k as we’re writing this but a big announcement came from a all-star company named Square they started with a little white card reader but haven’t stopped there.
They new reader helps there sellers accept chip cards and NFC payments, and they have tools for customers too, like our Cash App, which lets people send money to friends and family instantly. Furthermore, Here’s the announcement “ Square brought 3,318 bitcoins at an aggregate purchase price of $170 million.
Therefore, a lot of “social media” investors are making jokes due to the fact Square brought in at a price around 51,000.00 soon after Bitcoin dropped around 48,000.00.
Certainly, Bitcoin pullback are normal for the crypto currencies market most veteran traders know this, so Square really made the right move knowing the market will go back to up after the whales and Bitcoin miners slow up on the dumping. Nothing is really bad about that because if the whales and miners are dumping this will increase the total market cap of Bitcoin which will then drive price higher with the chance of a even stable ATH price for Bitcoin.