RATE Group | Market Recovery Expected After Flurry of Positive News
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Market Recovery Expected After Flurry of Positive News

11 Sep Market Recovery Expected After Flurry of Positive News

Posted at 11:02h in Bitcoin News by

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bitcoin price

Bitcoin has found stability in the low range of $6,300 to $6,400, demonstrating decent volume at around $3.8 billion and pushing its dominance index to 56.1 percent.

Well performing tokens including WanChain, VeChain, Decentraland, and Waltonchain have recorded large losses against the US dollar in the range of 5 to 10 percent, mostly likely due to the struggle of ETH, the native cryptocurrency of Ethereum, to recover beyond the $200 mark.

Positive News From EU, Nasdaq, Citigroup, Winklevoss Twins

The crypto sector has had arguably one of the best weeks in its nine-year history pertaining to institutionalization and regulation.

Over the past three days, Valdis Dombrovskis, vice president of the European Commission, said that cryptocurrencies will co-exist with the financial system, Nasdaq is preparing to release a crypto analytics tool for investors, Citigroup has shared its plans to support crypto custody, and Winklevoss twins-led Gemini has launched the first fully audited…

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