Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?

The number of Institutional investors stepping in to Bitcoin continues to increase and this appears to be inspiring some newfound confidence in Bitcoin price. Just today Square announced that it had purchased 4,709 Bitcoin (BTC) for $50 million.

Square is not the only large company to take this action. Recently, MicroStrategy made waves for also announcing a significant purchase of Bitcoin.

These news events could be a signal to investors that a new cycle is starting up and bigger parties are…


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