Institutional investors piled $225 million into Bitcoin products while Ether products saw outflows of $13.6 million this past week.
Cardano holds at $2.1 after losing steam during the most recent approach to $2.5. Solana may drop to $120 if the confluence support created by the 100 SMA and the 50% Fibonacci level shatters.
Andreessen Horowitz (A16z), a leading venture capital firm operating in the crypto sector, has nabbed two of the leading engineers working on Facebook’s digital currency project for its digital asset fund.
A new study conducted by an information technology company indicates that crypto payment method adoption is primed to skyrocket in the next two years.
The Executive Chairman of HIBE Blockchain Frank Holmes, CEO and CIO of U.S. Global Investors, has predicted Ethereum ($ETH) will be the next cryptocurrency to explode after arguing it could be seen as the silver to Bitcoin’s gold.
The Bank of England says that crypto assets pose “limited” direct risks to the stability of the country’s financial system. “Cryptoasset and associated markets and services continue to grow and to develop rapidly. Such assets are becoming increasingly integrated into the financial system,” the U.K.’s central bank described.
The CEO and chairman of blockchain holding company Immutable Holdings, Jordan Fried, has revealed he believes that bitcoin could surpass the market capitalization of gold and hit $1 million per coin in the long run.