The Bitcoin price is currently trying to test the $ 37,000 barrier level, but the attempt failed as it failed to cross the $ 34,500 level for the second attempt.
Recently the BTC price has fallen to a low of $ 28,600 per unit following a series of negative sentiments mainly coming from China. Bitcoin is undergoing a massive discount phase, this is seen as an opportunity especially among the ‘whale’ group to increase Bitcoin holdings.
The latest report on Thursday showed that venture capitalist Andreessen Horowitz, a venture capital firm, announced the launch of a new $ 2.2 billion fund that will be used to invest in the crypto market.
The move comes after the media repeatedly reported that the firm had shown interest in cryptocurrencies and had been investing in cryptocurrencies since 2013. Earlier reports also reported that the firm was raising $ 1 billion to invest in cryptocurrencies.
Andreessen Horowitz argues that the next wave of computing innovation will be driven by crypto. The crypto market this year has garnered support from giants such as BNY Mellon, BlackRock Inc, Mastercard Inc and Visa. Where crypto will be part of their investment portfolio.
Tomicah Tillemann, who serves as senior adviser to the U.S. President. Joseph Biden and two Secretaries of State and head of the Global Blockchain Business Council, will join as head of global policy, Andreessen Horowitz said. Brent McIntosh, who serves as Treasury secretary for International Affairs and coordinates the G7’s work on crypto will also join as an advisory partner.
The BTC price is currently trading at the price level of $ 33,986.63 per unit.
