Bitcoin (BTCUSD) prices fell this week from a 4 month high but remains above the psychologically key $5,000 mark.
Longer term investors are increasingly taking advantage of price dips as the overall industry gains more interest from mainstream technology and financial institutions. Facebook is reportedly developing a coin for its WhatsApp messenger app while JPMorgan is launching its own stablecoin. Mutual fund giant Fidelity recently debuted a unit to oversee trading and custody of digital assets.
BTCUSD bulls are also increasingly encouraged by scalability improvements from the growth of the LightningNetwork and the third Bitcoin block reward halving (which will reduce the amount of new BTC supply) scheduled for May 2020.
