From Andrew Tate's Bitcoin Seizure To Jim Cramer's Crypto Views: This Week in Crypto
Portfolio Pulse from Benzinga Newsbot
This week in crypto saw Romanian prosecutors pursuing a Bitcoin seizure, Bitcoin and Ether crossing crucial levels, Jim Cramer clarifying his stance on cryptocurrencies, the launch of EDX Exchange, and US presidential candidates supporting Bitcoin. WisdomTree and BlackRock sought regulatory approval for a Bitcoin ETF.
June 25, 2023 | 10:01 am
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Bitcoin Cash is now available for trading on the newly launched EDX Exchange, which is backed by financial giants Charles Schwab, Fidelity Digital Assets, and Citadel Securities.
The availability of Bitcoin Cash on the EDX Exchange, backed by major financial institutions, could lead to increased investor interest and potential price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Bitcoin broke the $31,000 ceiling, ending the week with gains of about 19%. WisdomTree and BlackRock sought regulatory approval for a Bitcoin ETF.
Bitcoin's price increase and the potential approval of a Bitcoin ETF by major asset managers like WisdomTree and BlackRock could lead to increased investor interest and further price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ether was trading at $1,920 levels, 13% higher for the week, as the crypto market experienced renewed optimism.
Ether's price increase is likely due to renewed optimism in the crypto market, which could lead to further price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Litecoin is now available for trading on the newly launched EDX Exchange, which is backed by financial giants Charles Schwab, Fidelity Digital Assets, and Citadel Securities.
The availability of Litecoin on the EDX Exchange, backed by major financial institutions, could lead to increased investor interest and potential price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100