Bitcoin was boosted on the news Microsoft and a pension fund were using the network, but turbulence is expected over the weekend.
There were signs of life in the markets this morning after yesterday’s sustained losses. Global crypto markets hit lows of $1.58 trillion yesterday at 4pm UTC - the lowest number in nearly a month.
But the resistance held on that line, and markets appear to be in a recovery phase. Market cap is now creeping up and stands at $1.66 trillion.
Source:
https://decrypt.co/62899/markets-up-as-microsoft-and-nz-pension-fund-dive-into-bitcoin