Last week, bitcoin was in a bullish mode, rising to $9,722, which was the highest level since mid-March. This week, it lost some of those gains and reached a low of $8900. The selling pressure came as traders reacted to negative crypto opinions from three influential figures within the finance sector: Charlie Munger, Warren Buffett, and Bill Gates
Today, bitcoin is trading slightly higher following bullish comments from the president and CEO of Nasdaq, Adena Friedman. Nasdaq is currently the second largest exchange in the world by market capitalization following only the New York Stock Exchange.
In an interview with CNN, Adena said that bitcoin was the, “right next step in the space of currency because a globalized payment mechanism is a natural fit for the cross-border digital economy.”
Friedman’s comments came less than 24-hours after West Virginia completed its first blockchain-powered election. This was the first time such technology was applied in the voting process.
Bitcoin is now trading at $9250, which is higher than the weekly low of $8900. The BTC/USD pair could continue the upward momentum and possibly test the $9380 resistance.
