Bitcoin is back near the $60,000 level after more positive events

Bitcoin gained about 6.5% this week after a short correction over the past two weeks, as it approaches the $60,000 level.

Bitcoin gained about 6.5% this week after a short correction over the past two weeks, approaching the $60,000 level following several positive news coming from major financial institutions.

The benchmark currency is trying to gain more bullish momentum on its way towards the next resistance target at $65,000.

Goldman Sachs is the latest to embrace Bitcoin

Goldman Sachs has become the latest major financial player to enter the crypto ecosystem, and one of the world's largest investment banks has said it will begin offering bitcoin and other digital assets to its customers to meet rising demand.

The bank’s head of global digital assets, Mary Rich, said in an interview this week that the bank is working hard in cooperation with a specialized team to explore and come up with appropriate ways to provide an appropriate and thoughtful way to enter the crypto system and provide it to private wealth clients, and this is likely to be revealed soon. Rich added that the bank has received a very high demand for crypto assets.

Bitcoin

And she continued, saying that the number of customers who are interested in digital currencies, especially Bitcoin It is increasing at a rapid pace, and they see it as a good way to hedge against inflation risk as the overall background over the past year has certainly played a role in this, and “Mary Rich” said that many are seeing that we are witnessing a new digital age so they are looking for ways to participate in cryptocurrencies.

The cryptocurrency news comes just a few days after Visa and PayPal announced new crypto features to further accelerate mass adoption of cryptocurrencies.

Crypto experts say that the adoption of digital currencies is increasing unexpectedly, as major financial institutions are changing their tone towards digital currencies and some have even invested in them.

Visa adopts cryptocurrency

Last Monday, Visa announced that it will allow users to settle transactions using cryptocurrency in US dollars on its payment network, underscoring the growing mainstream acceptance of digital currencies.

Visa launched the beta program in conjunction with crypto and payment platform Crypro.com and said it plans to offer the option to other partners also later in 2021.

The move comes after a number of major companies including MasterCard, Tesla and BNY Mellon announced they would support or invest in cryptocurrency. Just last week, electric car giant Tesla announced that its customers are now able to buy Tesla cars with cryptocurrency. Bitcoin.

Coy Sheffield, Head of Digital Asset at Visa stated that previously a customer who wanted to buy something with a Visa Crypto.com card had to convert the digital currency into fiat money, the digital wallet then deposits the paper money into a bank account to be connected via Visa In the latest steps of Visa, it does not require the conversion of digital currencies into cash in order to conduct transactions.

Visa news immediately sent the entire cryptocurrency market higher, with Bitcoin on Monday soaring more than 4% to trade above the $58,000 mark, and bitcoin-buying traders hoping for another bullish ride to reach new highs.

Mohamed Abdel Khaleq
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