Ether also rose, rising 4% to $3,000. According to Laurent Kssis, a crypto ETP specialist at CEC Capital, the uptick for bitcoin will continue for U.S. markets and then readjust and push back to earlier levels. Bitcoin reached a weekly low of $58,800 this week and is currently approaching the $65,000 mark. The halving is predicted to take placeUTC. The quadrennial event slows the rate of growth in bitcoin supply by 50%.
So, while GBTC outflows may not be a cause for concern, the recent slower inflows into other ETFs might be."We can confirm Kraken has recently purchased TradeStation's crypto business," a Kraken spokesperson said via email."The transaction is part of our efforts to accelerate our U.S. presence and will unlock further growth and new product opportunities for Kraken in the U.S." The company declined to disclose the amount paid.
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