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$/ *$) -$ ƣ4 - 'lied to a record high on Friday in volatile trading, as crypto mania continued to sweep through the investment community.
The leading cryptocurrency /*++ /# ʡƳƬǠƬƬƬ ( -& !*- /# ơ-.//$( Ǡ **./ 4$)1 ./*demand for new US spot exchangetraded crypto products and expectations for global interest rates to fall.
/ -*. /* . #$"# . ʡƳƬǠƬƬƱ fore quickly dropping, and was last /- $)" / ʡƲƳǠƯƬƳǞƳƮǞ
$''$*). *! *'' -. # 1 ƣ*2 into ETFS in the past few weeks, and the market is getting extra support from an outlook that includes an upgrade to the ethereum blockchain platform, home to the second-largest cryptocurrency ether, and a bitcoin “halving”
1 )/Ǡ 2#$ # .'*2. /# ƣ*2 *! $/coin minting, in April.
/$''Ǡ .*( . 4 $/ǭ. # - /* .# & *ƥ /# .+ 0' /$1 ) /0- *! /# .
.. /.ǟ Ƥ - #$//$)" - *- #$"# on Tuesday, bitcoin sharply reversed course and fell more than ƭƭ + - )/ & '*2 /# ʡƲƬǠƬƬƬ level.
“Navigating old highs is notoriously tricky and the bitcoin
( * .)ǭ/ / ) /* 0-./ / /# ơ-./ /$( *! .&$)"Ǡǯ . $ )/*)$ Trenchev, co-founder of crypto lending platform Nexo. “Volatility
ơ) . $/ *$) 0'' ( -& /.Ǡ ) ƮƬƮƯ 2$'' '$// - 2$/# .0 )
) "0/Ƕ2- ) #$)" ƭƭ + - )/ǶƮƬ per cent plunges.”
# ++-*1 ' *! ƭƭ .+*/ $/ *$) ETFS by the US Securities and Exchange Commission in late January marked a watershed moment for the industry, following
) ƭƴƕ(*)/#ƕ'*)" -4+/* 2$)/ +' "0 4 ./-$)" *! #$"#Ƕ+-*ơ' corporate bankruptcies and scandals.
Even institutional investors, who once shunned crypto due to its sharp, wild moves, have begun committing long-term money, which analysts say could help sustain the latest leg of this rally.
/ ƣ*2. $)/* /# ƭƭ ' -" ./ .+*/ $/ *$) !0) . - # ʡʈǟʈ
$''$*) $) /# 2 & ) - # ƭǡ 2$/# (*- /# ) ʡʈ $''$*) *! /# / "*$)" $)/* ' & * &ǭ. $ # - . Bitcoin Trust , according to LSEG data.