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Crypto service provider Fireblocks has added support for the Terra blockchain to its platform. The company said it is the first to offer institutional clients access to Terra, meaning its clients can now access Terra-based DeFi applications such as lending protocol Anchor and liquid staking protocol Lido. Customers have deployed nearly $500 million in such protocols, the Fireblocks CEO said.
Microstrategy CEO Michael Saylor tweeted that it plans to offer employees the option to invest in bitcoin as part of their 401(k) portfolio. BTC is down 5.8% over the last 24 hours and has fallen to an intraday low of $37,700.02. Bitcoin dipped below the immediate support at $38,536, and the relative strength index (RSI) is near the oversold zone, indicating that the bears have a significant advantage. The bulls will need to keep BTC elevated above $40,000, the midpoint of a three-month price range, in order to sustain the current recovery phase.
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