Bitcoin gaps up as the week opened and surges to as high as 57454 so far. it’s lifted by news of Visa Inc’s move to allow use of the cryptocurrency USD Coin (USDC) to settle transactions on its payment network. While the USDC is a stablecoin pegged directly to US Dollar, Visa is on track to acceptance of digital currencies.
“We see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we’re seeing demand from our clients to be able to build products that provide that access for consumers,” Cuy Sheffield, head of crypto at Visa, said.
Bitcoin’s correction from 60726 record could have completed with three waves down to 50320. Further rise is now in favor as long as 54841 support holds, for a new high. But we’d note that loss of upside momentum as seen in 4 hour MACD. Hence, the upside break cold be brief and marginal.
