Cryptocurrency rallies on increased interest from institutional investors
Bitcoin managed to break above the $20,000 mark for the first time yesterday. However, upward move did not stop there and the cryptocurrency extended gains above $23,000! Upbeat sentiment towards digital assets can be reasoned with more news reports saying that more big Wall Street firms start to embrace cryptocurrencies. Chief Investment Officer of Guggenheim Investments, a major asset manager, even said that Bitcoin may climb towards $400,000! Bitcoin trades 10% higher today while Ripple gains 4% and Litecoin jumps 3%.
Bitcoin extends gargantuan rally above $23,000 as more investment companies embrace digital assets. Source: xStation5
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