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The Latest Bitcoin Brief

Kenyan WallStreetbyKenyan WallStreet
December 9, 2020
in Blockchain & Digital Currencies, Global Markets
Reading Time: 2 min
Bitcoin

The price of Bitcoin fell by over 6% on Wednesday’s session moving away from the benchmark $20,000 following news that a trader paid only $1.25 to transfer $166 million worth of coins from one address to another.

However, the price of Bitcoin is still up by over 150% since the start of the year and the Bull run seems to be in the early stages given the recent positive news that the S&P Dow Jones Indices will launch cryptocurrency indices next year.

1 Week -6.54%
1 Month +17.20%
3 Months +75.60%
YTD +150.67%
1 Year +144.80%
3 Years +23.01%
5 Years +4209.38%
Bitcoin Price Performance – 9.12.2020

The S&P Global announced last week it had chosen virtual currency company Lukka as the data provider for the project.

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” said Peter Roffman, Global Head of Innovation and Strategy at S&P Dow Jones Indices.

Bitcoin Zero

Meanwhile, Valour, the Swiss-based creator of investment products that provides exposure to innovative technologies, has announced the launch of Bitcoin Zero, a Bitcoin (BTC) exchange-traded product (ETP) that comes with zero management fees.

Bitcoin Zero has begun trading on the Stockholm-based Nordic Growth Market stock exchange. It will make investment in the world’s best-known digital asset easier, more secure and more cost-effective than all other options.

ALSO READ; Bitcoin at Its Highest Level in Three Years. Is This the Time to Buy?



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