With the help of Elon Musk, the outlook turned bullish and Bitcoin that had been lateralizing a few weeks ago rose 9% to try to break the $ 40,000 line, closing the week at 39,097.86. Ether, on the other hand, had a negative week, falling almost 8% and ending on Sunday just above $ 2.508.
The week for most altcoins was colored red. Cardano fell almost 4% reaching US $ 1.37 but ending the week at 1.56 Dollars. BINANCE Coin fell further, closing $ 366.65 on Sunday, leaving us with a red candle of almost 7%. A figure that on Monday morning is recovering strongly and is already up almost 11%. XRP also had a week like BNB's, falling 7.36% to $ 0.88.
El Salvador is the first country with Bitcoin as legal tender
The news was announced around the world and in the crypto ecosystem by President Bukele himself, who last weekend had advanced his initiative at the 2021 Bitcoin Conference. “The Bitcoin Law has just been approved by a qualified majority in the Legislative Assembly . Historic, "the president wrote on his Twitter account.
Bitcoin, the most chosen option in US investment funds
In recent weeks, two surveys conducted by Bank of America and Goldman Sachs, found that bitcoin is the most chosen investment option of US investment funds. The BofA survey focused on 194 US fund managers, who currently manage nearly $ 600 billion in assets. According to the study, long-term strategies in bitcoin are its busiest trade.
MicroStrategy prepares to exceed 100,000 BTC in its reserves
The business software company MicroStrategy has re-announced a new financial project that has bitcoin as the protagonist. The firm will sell bonds for a total of USD 400,000,000 to make a new investment in bitcoin. On the other hand, from MicroStrategy they detailed that there are currently 92,079 bitcoins in the firm's reserves.
