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The world’s second largest cryptocurrency has rallied to hit a new all-time high as analysts make bullish predictions for ETH price rally in 2021.
The CoinShares Physical Bitcoin (BITC) product will thus give European investors an opportunity to gain exposure to Bitcoin (BTC) on a regulated European stock exchange.
The former Canadian PM said that CBDCs are “inevitable” however adds that they will be subject to monetary policies around the world.
Some lesser-known altcoins like Polkadot (DOT) and Chainlink (LINK) have shown strong performance as BTC and ETH show some volatility.
The cryptocurrency market has seen a rapid dip following the previously-attained records. Despite having the market cap surpass $1 trillion, over $150 billion were quickly wiped off due to an unexpected flash crash. Since then, however, cryptocurrency prices have managed to recover.
The Anchorage Digital Bank will be the first Federally Chartered crypto bank setting up a new precedence in the growth of a crypto industry.
Big market players have started taking serious note of the world’s largest cryptocurrency as it makes its way to the mainstream financial market.
The JPMorgan analysts noted that the arrival of Bitcoin ETF can pull out institutional money from other BTC funds which might result in a short-term price fall.
In a massive market wide, over $150 billion were eroded from crypto markets in a matter of only few hours. BTC registered its first sharp fall this year in 2021.