Bitcoin (CRYPTO: BTC) surges above $40k and looks bullish on the daily time frame, as a bullish divergence on the RSI indicator has been confirmed. Yesterday, the Bitcoin Mining Council released a report which highlighted mining efficiency rose by 63% YoY, with sustainable energy usage at 58%, marking the 4th quarter in a row above 50%. Furthermore, the network used 25% less energy YoY. These improvements are appealing for institutions who see environmental impact as one of the biggest reasons not to invest in Bitcoin.
Fidelity have advanced their support for mainstream adoption, as they will allow investors to put Bitcoin in their 401(k)s. Fidelity are the first major retirement-plan provider to do this, and I think it sends a significant message to pension providers – nobody wants to be first, but nobody wants to be last.
