Microsoft has dismissed speculation around adopting Bitcoin as a reserve asset, reaffirming its conservative stance on cryptocurrencies. The company reportedly clarified its focus remains on core technology developments rather than volatile financial assets like digital currencies. This decision reflects a broader hesitance among traditional tech leaders to embrace crypto for corporate reserves.
Meanwhile, the cryptocurrency market saw a notable rebound, with Cardano and XRP leading the recovery. Cardano surged over 4% in the past 24 hours, buoyed by strong community support and increasing network activity. XRP also gained traction, rising nearly 3% as investors regained confidence following recent regulatory clarity. Despite the rebound, the market remains cautious, with Bitcoin trading sideways near the $36,000 level.
This juxtaposition highlights the contrasting dynamics within the crypto landscape: skepticism among corporate giants and renewed optimism among retail and institutional investors.
