Daily crypto: Broad upturns and analyst firm lower forecast for bitcoin

Daily crypto: Broad upturns and analyst firm lower forecast for bitcoin.

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Christian Ploog

christian.ploog@trijo.co

Markets are pointing up and one of the world's biggest crypto exchanges starts an index fund that contains six different cryptocurrencies. Here are the latest news from the world of crypto.

The analysis company Trefis has lowered their forecast for what they believe a bitcoin will be worth at the end of the year – from $15,000 down to $12,000. The reason is that there has been a noticeable decrease in the total trading volume for the cryptocurrency on the world’s crypto exchanges, the American business magazine Forbes writes.

Recently, one of the world’s largest crypto exchanges Binance announced their intention to launch a $1 billion fund. The fund, entitled “Social impact fund”, is intended to promote the growth of blockchain and cryptocurrency companies. Now, another of the world’s largest crypto exchanges, Okex, will also launch a fund. But this time, it is more like a so-called ETF (exchange traded fund).

The fund, called OK06ETT, will contain six different cryptocurrencies (BTC, ETH, LTC, BCH, EOS, and OKB).

This means that people more easily can spread their risks better with the help of the fund. The transaction fee is also supposed to be lower. Minimum investment in the fund will be around $100, which means that not only institutional investors can buy into it, Altcoin Buzz writes.

Markets are pointing up

The prices of most cryptocurrencies have gone up in the last 24 hours. Among the biggest ones, eos (+4,50%) and bitcoin cash (+4,95%) have gone up the most.

The cryptocurrencies that performed the best on top 100 were the nexus (+14,89%) and binance coin (+11,87%), and the ones who performed the worst were moac (-6,44%) and bitcoin private (-2,65%).

Prices the last 24 hours

Asset: Price: % (24h)
Bitcoin $7 630,98 +2,52%
Ethereum $608,89 +3,25%
Ripple $0,674395 +2,46%
Bitcoin cash $1 134,29 +4,95%
Eos $14,02 +4,50%

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