Bitcoin Price Jumps on Square's $50 Million Investment

[MRM]

Bitcoin is in the green, but Bitcoin Cash and Bitcoin SV are performing even better. The price of Bitcoin (BTC) has jumped to over $10,700 following news of a $50 million investment by Square—a popular mobile payments company. Square used a total of one percent of its assets to purchase 4,709 Bitcoin—presumably to hodl for the long term.

Today's bullish activity is shown as a jutting green candle on the 24-hour chart, as Bitcoin climbed from $10,629 to its current price of $10,754 in the last 30 minutes. Overall, Bitcoin has now gained one percent in the last 24 hours and has almost recouped the losses incurred following a sudden sell-off on October 1.
Source: https://decrypt.co/44326/bitcoin-price-jumps-on-squares-50-million-investment