Square's acceptance of Bitcoin payments may accelerate broader adoption, especially given recent investment through ETFs and increased buying by mid-sized investors.

Square's Bitcoin Payment Integration

Square has launched a new payment suite that allows merchants to accept Bitcoin at checkout, convert sales to BTC, and manage it within their Square dashboard. This move provides a one-year promotion with zero processing fees to encourage merchant adoption and supports Jack Dorsey’s vision for Bitcoin’s role in business.

Institutional and On-Chain Activity

Bitcoin Spot ETF inflows have been significant, exceeding $5.3 billion over seven days, pushing assets under management to $164.9 billion. On-chain data indicates a rise in addresses holding 100–1,000 BTC, suggesting accumulation by mid-tier investors and hinting at broader adoption trends.

Market Response and Future Outlook

Despite initial positive news, Bitcoin experienced a short-term correction due to profit-taking. Derivatives data and technical indicators suggest potential for consolidation, but overall support for Bitcoin remains robust due to increased merchant adoption and strong institutional confidence. The launch is expected to enhance the utility of Bitcoin and facilitate broader adoption.