It’s “Only Up” Season for Bitcoin as BNY Melon News Sends BTC to New Highs

[Btceth01]

Bitcoin has been caught in one of the strong uptrends seen since its parabolic rally first began in late-2020
The cryptocurrency has been seeing tremendous growth as of late that has come about primarily as a result of multiple signs of mainstream adoption
Examples of this include Tesla’s decision to add $1.5b worth of BTC to their balance sheets, as well as the auto company enabling BTC payments for their vehicles
Today, the Bank of New York Mellon also announced intentions to begin adding some support for Bitcoin custody
This news was looked upon positively by the crypto market, as it helped send Bitcoin’s price to fresh all-time highs of $48,400
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