Bitcoin is poised to break its six-month losing streak today, providing there are no last-minute swings—something that would be hardly unusual for the volatile bitcoin price...
Bitcoin's latest win comes from one of the oldest and largest Swiss Banks, Julius Bär, which this week announced it will soon begin offering a range of new digital assets for its clients.
Earlier in the week, U.S. stock exchange Nasdaq added two new digital currency price indexes for bitcoin and ethereum as the exchange prepares to offer tradeable bitcoin and crypto futures. "The last eight months is already being dubbed the 'crypto winter' and while prices were falling, it was understandable that the large incumbent financial institutions had shelved some of their crypto projects," senior market analyst at brokerage eToro Mati Greenspan wrote in a note to clients."Now that the market is showing signs that spring is coming, those plans are back on the table. After all, they wouldn't want to miss out on the next bull run.
The last bitcoin bull run, which saw the bitcoin price explode from under $1,000 per bitcoin at the beginning of the year to almost $20,000 by December 2017, resulted in a hangover that's seen bitcoin lost some 80% of its value.
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