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There was a similar, though not quite so extreme, price spike last week, as bitcoin continues to trade in the range it has been within for three months now. A peculiar price spike overnight for bitcoin has been described as a “middle finger” by market commentators, after surging $3,000 in the space of minutes before a flash crash saw all its gains wiped out as quickly as they were made. The latest data from blockchain analytics firm Glassnode show that $1.2 billion has left Coinbase over the last week, potentially signalling a significant increase in institutional accumulation and adoption. Ukraine’s President Volodymyr Zelenskyy also signed into law a new bill that legalised cryptocurrencies in the country amid the Russian invasion. One of these is Greg Beard, a noted Wall Street investor who made a name for himself trading in the natural resources sector, who told Fortune this week that he believed bitcoin could hit $200,000 by the start of 2027. In the cryptocurrency world, a for...