Wednesday, September 4, the price of bitcoin is increasing. 09:20 GMT the first cryptocurrency is trading at $10 588,54 (+2%).
Previously, the attention of the crypto community was attracted by the message of The Wall Street Journal that VanEck Securities Corp. SolidX and Management plan to allow institutional investors to work with a bitcoin ETF without the approval of the securities and exchange Commission (SEC) US.
According to the WSJ, trade bitcoin ETF in a restricted format may begin as soon as Thursday, in accordance with rule 144A, which allows you to organize the circulation of securities through private placement among “qualified institutional buyers” with a shorter shelf life and without the need to obtain permission from the SEC.
A team of analysts at FxPro said:
“The rebound of bitcoin ran into a $10 700, and then showed a slight pullback. In the end, in the last day BTC still adds 2% and is trading on Wednesday morning above $10 600. Thus, the cryptocurrency still remains in the outset, the output of which is formally to proclaim will only be possible if the breakthrough above $12 000.
Altcoins also expect fairly quickly lost momentum. The index of dominance of bitcoin reached 70.5%, continuing to increase. Presumably, this is mainly due to the sale of altcoins. The reason for the current positive dynamics of steel speculation around Argentina.
The award is for the purchase of bitcoins on the crypto currency exchange LocalBitcoins reached $1000. News and the dollar’s rebound has led to a massive liquidation of short positions on the crypto currency exchange BitMEX in the amount of 68 million dollars, which supported the demand for hot reference scriptactive. While bitcoins do not give to be in a downward spiral, actively buying after each correction”.
Subscribe to our Telegram-channel Ihodl and stay up to date with the latest news.