Market Update – The Bitcoin Price Increases by Almost $1,000
The price of the market’s largest cryptocurrency by capitalization has added almost $1,000 over the past day to currently trade at $34,226,91 (+2.06%).
The rest of altcoins from CMC’s top 5 have also made some gains during the last day, being Tether the only exception, since as usual, its price remains at $1, moving just a few cents above or below this level.
The BTC dominance index is at 44.4%, a 0.5% lower than yesterday. Regarding the total capitalization of the market, it sits at $1.430T, above yesterday’s $1.399T, while the capitalization of Bitcoin itself amounts to $635,118,102,411, above yesterday’s $628,883,307,104.
Today we have shared related to the crypto world. To begin with, it has become known that British bank Barclays has suspended transfers to crypto exchange Binance in another episode of the battle of several jurisdictions against the trading platform.
Following the same negative tone, the FATF has said the regulations of the cryptocurrency industry is insufficient at the moment, while it has also been known that the number of active BTC wallets fell by 9.38% last month.
As far as purchases and acquisitions is concerned, we have reported that CoinShares is planning to buy the exchange-traded fund (ETF) business of Elwood Technologies, owned by popular hedge fund Alan Howard.
Bitcoin is apparently gaining some boost today, however, the around 2% increase does not seem to be too impressive. When will we see Bitcoin above $35,000? Today, tomorrow? Next week? Never?