BTC adoption by businesses has surged by more than 30% over the past year. What does this mean for the coin?
How is this massive adoption changing the financial landscape?has been consolidating for three-days straight, with its price fluctuating between a defined price range of $56K — $59K.
While much focus has been on individual investors, investment firms, and large corporations making headlines with multimillion-dollar BTC buys, small-scale businesses are steadily adding to the Bitcoin ecosystem. Notably, MicroStrategy and Tether account for 85% of reported BTC purchases in early 2024, buying an average of 269 BTC per day since late 2022.In summary, substantial business holdings have been key in boosting BTC’s value, consistently pushing its price up despite macroeconomic upheaval.
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