📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $10,681
Top Stories for September 3, 2019 🔥
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.
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 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.