cryptogazette.com
The mass adoption of Bitcoin and crypto has been exploding lately and things are still going great.
There have been more moves being made in order to achieve this goal and they continue.
More and more important firms and entities are starting to accept Bitcoin as a form of payment.
AMC Entertainment will have the technology to receive Bitcoin as payment by year-end – CEO said.
Reuters press agency notes the following: “Cinema operator AMC Entertainment (AMC.N) will have the technology in place to receive payment in bitcoin by the end of the year as payment for movie tickets and concessions, the company’s CEO said on a call discussing its results.”
Bitcoin price analysis
The crypto market looks great today with the most important coins trading in the green.
The price of Bitcoin has been spectacular these days considering the massive volatility that we’ve been seeing in the crypto market.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $46,066. The king coin is down by more than 2% in the past 24 hours.
Check out an interesting analysis dropped on Twitter about the price of the king coin by Willy Woo.
3 different fundamental valuation models here (using on-chain data).
Price being above or below the models gives us a clue on the bias of margin traders who control the short term price action.
Long term price is determined by fundamentals of investors. pic.twitter.com/hA6ndqCP90
— Willy Woo (@woonomic) August 8, 2021
Woo also said: “The dots place the valuation given by investors. The blue line is price. If price is below the dots, then margin traders are bearish compared to investors.”
There are various bullish price predictions for the king coin these days despite the massive volatility in the market.