• Ethereum testing major resistance
• Grayscale controls almost 2% of the world’s Bitcoin (BTC) supply
Most of the major coins were trading in tight range this week. Yesterday however volatility returned to the markets and all major cryptocurrenices were trading higher. Bitcoin managed to bounce off from two weeks lows at $6,468 and surged $550 in 90 minutes. The most popular crypto gained 10% yesterday and rally to $7127 Other altcoins followed Bitcoin and also bounced strongly. Etherum (ETH) managed a 17.77% gain, while Binance Coin (BNB), and Chainlink (LINK) surged by 11.65% and 15.02% respectively. The total market capitalization increased to $203 billion. Bitcoin maintains a dominant market position of 64.0%.
Grayscale and its Bitcoin Trust (GBTC) controls almost 2% of the world’s Bitcoin (BTC) supply .
Yesterday Grayscale published the latest quarterly report, which revealed that its Bitcoin Trust (GBTC) currently contains 1.7% of the circulating supply of Bitcoin. In terms of managed assets as part of total cryptocurrency market capitalization, Grayscale controls 1.2% of global cryptocurrency. The number of Bitcoin owners has increased by 0.1% since the end of 2019, underscoring the fact that the huge market uncertainty caused by the coronavirus has yet to reverse company fortunes. Overall clients have invested $ 500 million in the company's ten cryptocurrency funds, making it the best quarter ever.