The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Crypto assets go up
On Friday, digital coins managed to tack on due to the fact that a Bitcoin exchange-traded fund will be most probably approved. At least, it follows from leaked information from a Securities and Exchange Commission official.
If it’s true, a Bitcoin ETF would be great news to crypto enthusiasts, assisting the sector to go mainstream.
The remarks, tweeted out by the general counsel of Athena Blockchain, showed up at an interview with Robert J. Jackson Jr.
As a matter of fact, the leading crypto asset, Bitcoin managed to jump by up to 0.9% concluding the trading session at $3,450.90 on the Investing.com Index.
In general, crypto assets tacked on. Eventually, the overall cryptocurrency market capitalization amounted to $114 billion at the time of writing compared. It definitely differs from Thursday’s reading of $111 billion.
Eventually, Ethereum soared by about 3.4% ending up with $109.08. As for XRP, it surged by approximately 1.8% hitting $0.30055. Meanwhile, Litecoin demonstrated a seven-month maximum of $37.79, adding about 11% against the backdrop of reports that Litecoin Foundation is currently negotiating the implementation of privacy features for the crypto asset.
As the British Columbia Securities Commission informed, crypto exchange Quadriga turned out to be beyond its purview due to the fact that the company is experiencing backlash after its CEO passed away without revealing to anybody else the password.
On Thursday, the Canadian watchdog told that it wasn’t aware of the operations of the company, although it didn’t regulate it because it didn’t have any sign that it traded in derivatives or securities or acted as an exchange.
Nearly C$180 million of crypto assets are frozen in users accounts after founder Gerald Cotton’s death in India due to complications from Crohn's disease. C$250 – the sum the company owes to its 115,000 users.
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Read a short market wrap before trading today!
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
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