• Bitcoin (BTC-USD) rose to high as $60,322.60 today as the Beeple NFT sale continues to draw attention to the cryptocurrency.
  • Institutional investment continues to increase with Chinese internet firm Meitu reported to be the latest large company to execute a Bitcoin treasury strategy.
  • The rise could be notable as it corresponds with an upward lift in Treasury yields as well. Meanwhile, technical traders say Bitcoin has broken through an important resistance level. The development is also of interest to Coinbase (COIN), which is prepping for a direct listing.
  • Bitcoin is up more than 40% since Tesla disclosed its $1.5B investment.

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