Cryptocurrencies have been consistently outperforming themselves in recent days, turning into one of the hottest asset classes out there in the global financial market.
The cryptocurrency asset manager announced the release of a new Bitcoin exchange-traded product (ETP), in which every unit will be backed by 0.001 BTC.
Everyone’s pinning their hopes on this new year to bring good fortune, and for Bitcoin traders, it couldn’t be a better beginning.
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Bitcoin has continued to consolidate in the past 24 hours around the $37,000 price mark.
Today, digital asset manager CoinShares announced the launch of CoinShares Physical Bitcoin, an exchange-traded product (ETP) with each unit bac
Ethereum is up over 10% and it broke the $1,250 resistance against the US Dollar. ETH price is trading above $1,300 and it is likely to accelerate further higher in the near term.
At the time of press, Ethereum was trading at $1,330 which, aside from a brief spike on January 10, is its highest price since that all-time high three years ago in early 2018.
Bitcoin price is struggling to gain momentum above $37,500 and $37,800 against the US Dollar. BTC could decline again if it breaks the $36,000 support zone.