Baxia Markets
October 27, 2021

Mastercard will soon offer Bitcoin services

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Bitcoin wallets, credit and debit cards that generate crypto rewards and allow digital assets to be spent, and loyalty programs where airline or hotel points may be turned into bitcoin are among the services available. To do so, the payments network has teamed up with Bakkt, a cryptocurrency business recently spun off from Intercontinental Exchange, which will provide custodial services for customers who join up.




Bitcoin's price regression from the $60,000 level was dubbed the "second leg" of what appeared to be a long-term bull market by PlanB, the author of the popular Bitcoin Stock-to-Flow (S2F) model. The anonymous expert referenced S2F, which predicts Bitcoin will continue on its upward trajectory and reach $100,000 to $135,000 by the end of the year. Following a 53 percent rise in October, Bitcoin reached a new all-time high of about $67,000 last week. However, traders were forced to take profits as a result of the new highs, resulting in retests of the $60,000 support level.



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