FedWire Is Back Online After Outage That Affected Crypto Exchanges, Others
The outage only lasted a few hours and affected wire transfers that were in the process of being settled or were in the queue.
MicroStrategy turned a veritable mountain of zero-interest debt into its single-largest bitcoin allocation yet.
There are signs some of the excessive leverage had been wrung out of the market, implying the potential for a fresh more to the upside, analysts said.
Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.
Square added $170M in bitcoin to its reserves last quarter, while MicroStrategy announced a fresh $1B bitcoin buy today.
If bitcoin is anti-establishment, what happens when the establishment joins the party?