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Shortly: BTC and ETH exceeded monthly highs etc.

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Both BTC and ETH have been broken today several monthly highs. Business and Google search volumes also increased significantly. Director Binance.US finished. What does this mean for the crypto exchange and what further steps will it take to save the project? All this and more in today’s news.

BTC exceeded several monthly high

Shortly: BTC and ETH exceeded monthly highs etc.

BTC got over $ 40,000 after 3 months and has been stable here for several hours. Even now, at the time of writing, it is already at $ 44,000 and we can count on a few percent increase almost every hour. The end of 2020 seems to be repeating itself, when after breaking strong resistance, BTC started up and reached a new maximum practically every day.

ETH grows even faster

TradingView Chart Snapshot

ETH, supported by a strong foundation, is growing even faster than BTC. It took place last week successful London update which brought a big step forward. This cryptocurrency can realistically become even deflationary, and the fees will be lower and more stable. These may be the main reasons why ETH started up and made an 80% profit.

Director of Binance.US is over

Brian Brooks ended up as the CEO of the cryptocurrency exchange Binance.US. He justified this by differing views on the functioning of the exchange.

The chief executive of the entire Binance project, Changpeng Zhao, reassured clients that the exchange would continue to operate. He also added that the resignation does not affect the further operation in any way and the operation of this American branch of the world’s largest crypto exchange.

However, members of the cryptocommunity speculate that Brooks’ decision to leave the company was based on internal affairs and global market issues Binance, probably due to regulators and bans around the world.

JPMorgan launches its own BTC fund

JPMorgan Chase started offering its clients for the first time this week internal BTC fund. It has thus completed its transformation from a bank that did not want to accept BTC to a real player in the field of digital assets.

Passively managed fund offered in cooperation with BTC powerhouse NYDIG has not invested in clients yet. That may change soon. The fund will be presented to clients as the safest and cheapest tool to invest in Bitcoins available on private markets.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

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