NEWS

Investors continue to flow in despite Bitcoin’s drop in value

visa bitcoin card

Bitcoin price is showing signs of a reach for the range’s upper limit as it bounces off a crucial support level. This development, from a short-term outlook, holds promise as BTC could retest the aforementioned level.

The monthly return for Bitcoin in April was -17.3% and so far, May has been brutal as well with the current number at -20.0%. Despite the unenthusiastic numbers, the Fidelity Investments Bitcoin Index Fund has raised a whopping $126.56 million via its offerings based on a new filing with the US Securities and Exchange Commission.

Moreover, the number of investors has increased from 83 to 689, representing a 730% increase over the last year. 

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