TA: Bitcoin Holding Gains, Why BTC Could Surge Above $50K
published: 25 seconds ago
Bitcoin price recovered above $48,000, but it failed near $50,000 against the US Dollar. BTC is now holding gains above $47,000 and it is likely to make another attempt to surpass $50,000.
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The asset manager also reported growth across its family of funds, including its newly launched DeFi Crypto Index Fund, which provides sector exposure to decentralized finance projects. The fund seeks to track the performance of the still-developing Bitwise Crypto Innovators Index, which is comprised of companies that derive more than 75% of their revenue from the digital asset sector.