, show. Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain. The market value has risen nearly 10-fold since January last year and 18% since traditional finance giantover the past 24 hours after a volatile week. Prices briefly jumped above $71,000 on Tuesday, and have since retreated slightly to levels around $70,700on Friday. Most major tokens posted slight losses.
shows that BlackRock's BUIDL raked in $245 million of deposits as of Wednesday. Its strong introduction propelled the fund into second place among peers, trailing only Franklin Templeton's Franklin OnChain U.S. Government Money Fund , which has $360 million of deposits, according toSince 2020, Bitcoin has closely tracked Nvidia prices. The 90-day and 52-week correlation coefficients between the two are greater than 0.80.
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