BTCUSD hit the local minimum at $47,403 on Sunday, April 25, and since then has appreciated by almost 15% trading above $54,000 on PrimeBit at the moment. Markets seem to be hesitant, as bitcoin prices are fluctuating without a strong long-term trend visible. Litecoin hangs on to bitcoin’s uptrend and has recovered some of the losses, trading at $262 at the moment on PrimeBit.
Meanwhile, ETHUSD has written a completely different story. Ethereum has just set a new all-time record at a whopping $2,800. The second-largest cryptocurrency price is showing growing independence from BTC and has gone up 50% in April and 273% since the beginning of the year.
European Investment Bank said it will issue a digital bond based on the Ethereum blockchain. The news triggered the recent rally.
The bonds will be sold by the world’s top banks Goldman Sachs, Banco Santander, and Societe Generale. Additionally, Mastercard, UBS, and JPMorgan made investments in fintech startups that build their products using Ethereum.
Additionally, Mastercard, UBS, and JPMorgan made investments in fintech startups that build their products using Ethereum.
With the unprecedented rise of BTC price, it’s natural that the debate about crypto heats up. One argues that the money of the future will continue to grow, and hit $100k at some point, others are predicting the end of what they call a bubble.
A the moment bitcoin investors are wondering if and when will the U.S. Securities and Exchange Commission accept a bitcoin exchange-traded fund (ETF). Low liquidity and high risk of market manipulation are SEC’s arguments against such a move. Bitcoin ETF would enable wider adoption of cryptocurrency investments without even using a digital wallet.
There’s so much going on with BTC, ETH, and LTC. Make sure you trade these cryptocurrencies with PrimeBit.