Bargain: where Bitcoin is trading above 10 thousand dollars?

In Grayscale the Bitcoin Investment Trust (GBTC) Bitcoin is trading at about 10 thousand dollars. This is almost 30 percent more than the current market price of an asset cryptomeria. Why trading tool for large investors and the Bitcoin price has formed such a huge difference?

GBTC is invested in players with big deposits. In fact, they are not buying the very cryptocurrency, and share in the trust, which is equal to 1/1000 of Bitcoin prices. As the cost of this share has recently soared to almost $ 10, the total value of the coins for institutional investors jumped up to 10 thousand dollars. According to analysts, this trend indicates increased interest in Bitcoin from the “business sharks”.

More money for Bitcoin

Note that the increase in the shares of GBTC showed good results in the last 24 hours. It seems that the background bullrun investors with large deposits also begin to be afraid to miss out on potential x’s.

In futures trading on the CME appeared the unprecedented surge of activity. The daily total volume of transactions on the platform recently exceeded 1.35 billion dollars. The last time the figure was so high in December 2017.

Source: Bitcoinist

Representatives of the hedge Fund PwC also noted a sharp turn in the trend. According to them, the year 2018 was the most difficult for the period of the bear market, PwC has lost almost 46 percent of all their assets.

See also: the King of hedge funds invests in cryptocurrency.

Another reason to celebrate — two days ago, representatives of the trading platforms Bakkt announced the launch of trading Bitcoin futures in 2019. The first users will be able to test all the capabilities of the trading instrument this summer.

The other interesting news can be found in our cryptodata. Also don’t forget to visit mining pool 2Miners.

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