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Today’s Cryptocurrency Headline

MicroStrategy executive chairman and former CEO Michael Saylor said at the Baltic Honeybadger conference that the company’s developers are working on solutions that would allow large numbers of people to join the Lightning Network, a payment network on top of bitcoin allowing faster and cheaper transactions. Saylor said: “MicroStrategy has got some R&D projects going on right now where we’re working on enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, enterprise authentication.” It’s still a very early stage and it’s yet to be seen whether any viable products would come out of this, Saylor said.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw minor inflows totalling US$9.2m although the predominant inflow was into short investment products. Bitcoin saw outflows totalling US$11m, representing the 4th consecutive week of outflows. Bitcoin is up 0.68% over the last 24 hours and rose to an intraday high of $20,180.00. The largest cryptocurrency has been trading between $19,500 and $20,500 for the past few days, suggesting the market lacks upward or downward momentum. The current market sentiment is extremely weak as the Crypto Fear & Greed Index is showing the market is in extreme fear territory.

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