$BTC

Bitcoin is rising, let's see if there is any positive news?

Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) has received approval to launch BTC and ETH trading for its clients in the country. This will expand user access to cryptocurrencies and attract liquidity.

03.13. A report came out that Russia used BTC, ETH, and USDT in its oil trade with China and India worth $192 billion. This is a signal of increasing adoption and utility of cryptocurrencies. On the downside, this could attract regulatory attention and increase regulatory pressure.

Binance Research published a report showing that the role of BTC in decentralized finance (DeFi) is growing, but still less than 1% of BTC is used in DeFi. This indicates the presence of "untapped opportunities" - a hint from Binance.

Cointelegraph reports that as of yesterday, retail Bitcoin holders (with balances of less than 1 BTC) continue to sell off their coins. A similar trend was observed at the end of 2020 before the start of a strong bull market.