Bitcoin pulls ahead; dominance nearing 70% – September 3

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price: $10,681

Bitcoin has pulled ahead of the market today, following gains of around 5%. In comparison, Ethereum and XRP are both up less than 1%, while the colors are mixed for other top-20 altcoins.

Top Stories for September 3, 2019 🔥

👉 Bitcoin pulls ahead; dominance nearing 70%

Back in the 2017 cryptocurrency bull market, Bitcoin and altcoins tended to move separately. For example, Bitcoin would rise for a few weeks, leaving the altcoins behind — before which the tables would turn, entering “alt season.”

Following significant price gains on the 24-hour chart, Bitcoin has pulled ahead of all the altcoins today. Bitcoin’s dominance is just under 70% — levels not seen since early 2017 — suggesting it may be time for altcoins to see a surge.

👉 VanEck will launch institutional Bitcoin ETF within days

With Bitcoin surging upwards but the rest of the market staying stationary, you have to wondered what may have catalyzed the unusual price movement.

According to new reports, VanEck — together with SolidX — is soon to launch an ETF-like product to institutional investors, using an SEC exemption which allow the launch to bypass regulation.

👉 Alan Howard set to launch $1 billion crypto fund

Alan Howard is a British investor with a net worth of close to $2 billion. He co-founded the Brevan Howard Asset Management LLP hedge fund, which has had dozens of billions of dollars of assets under management.

Howard is set to launch a $1 billion cryptocurrency investment fund, with the goal of creating an investment opportunity that is less volatile than the market’s individual coins.

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