Crypto Market News: Although there has been an undercurrent of adoption from mainstream corporate world, the recent news of Blackrock and WisdomTree filing for Bitcoin ETF surely hit the peak of it. Going by recent rise in Bitcoin price, the crypto market clearly welcomed this new wave of Bitcoinization. Hence, the onus is now on the United States regulators to pave way for a clear and concise framework for digital assets industry. It should also be remembered that crypto could well become a major election issue going into US presidential election 2024 campaign.
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In this context, it is also being speculated that a few more large corporations will be filing for spot Bitcoin ETF applications in the coming weeks. Yet, it remains to be seen how the U.S. Securities and Exchange Commission (SEC) will approach these applications, if and when it decides on approval or rejection. This could also potentially become a market moving factor in the next few quarters, in the lead up to the Bitcoin Halving event in 2024.
Fortune 100 Companies In Crypto
According to a recent report, more than half of the top Fortune 100 companies have been involved in crypto related projects in the last two to three years. Interestingly, the highest amount of crypto participation happened in the first quarter of 2022, before which the Bitcoin price peaked at $68,000 mark. The ongoing quarter showed an encouraging jump in participation following a slump last quarter, the report said.
Also Read: XRP Was Marked For Death, Says Bitcoin Maxi; XRP Lawyer, Ripple CTO Replies
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