What and rising adoption signifies
Bitcoin is showing bullish signals
BTC has finally managed to breach the $27,000 mark, which it earlier failed to sustain. According to CoinMarketCap, BTC was up by more than 4.5% over the last seven days. At the time of writing, BTC was trading at $27,557.89 with a market capitalization of over $537 billion.
Which way is the market headed?
A deeper look at Bitcoin’s ecosystem pointed out quite a few other bullish metrics as well. For example, BTC’s Exchange Reserve was declining as of press time, meaning that the coin was not under selling pressure.
Bitcoin, Ethereum adoption rises
While BTC’s metrics looked bullish, an interesting development happened that suggested that crypto adoption was rising on a global scale. Honda, one of the world’s leading car manufacturers, opened its doors to crypto payments.
