The CEO of crypto hedge fund BitBull Capital Joe DiPasquale said that the stability of BTC against a negative background is a positive sign indicating the consolidation of the coin. The specialist also said that the market has not yet reacted to the announcement of PayPal about the launch of its own new stable coin tied to the U.S. dollar.
At the same time, Joe DiPasquale noted that this is a big step forward, as it is the first of its kind issue of a traditional global payment service with hundreds of millions of users. Such events are likely to determine the market movement in the future.