This morning we could see the prices of many cryptocurrencies rising and it looks like a bull run is about to begin. While the participants are warming up at the start. If this happens, the growth should exceed the successes of last week. Even though this is just an opinion, it does make people think.
At the time of writing, the price of Bitcoin is $8258, an increase of more than one percent, the price of ETH is $547, an increase of more than three percent, the price of Ripple is $0.73, an increase of more than six percent. All major altcoins are also showing combat readiness.
This trend is reflected in almost the entire market. The prices of most cryptocurrencies have started to rise, the same thing we saw before last week’s surge. However, there are exceptions, for example Verge, which has lost 14.7% in price since the partnership with PornHub was signed, and now the price of this altcoin is $0.061.
The Express today reported positive news shared with them by London Block Exchange (LBX) CEO Benjamin Dives. He told the publication that the number of trading Bitcoin, Ethereum and Ripple paired with the pound, dollar and euro is growing on their site. According to the Express, he said: "The general consensus is that institutional investors are shunning new asset classes such as crypto. However, in our time at LBX, we have seen a lot of evidence to support the opposite - in fact, the interest of such investors in crypto is growing. Since the beginning of the first quarter of 2018, we have been processing transactions worth many millions every month. Institutional investors: hedge funds, charities and even pension funds are interested in crypto. In LBX, we gave such investors access to the over-the-counter desk for some time, this allowed them to trade cryptocurrency on preferential terms."
This is definitely positive news for crypto investors. Now we know that institutional investors are far from shy guys and they have good profits on cryptocurrency.
Apparently this is exactly what SAXO BANK experts said in their analytical material: the influx of institutional capital against the backdrop of adequate legislative regulation and protection of rights investors, will lead to a new rise in the crypto market.
It is a pity that this trend is not so widespread and the doors of most traditional firms are still closed to cryptocurrency.
According to https://cryptodaily.co.uk
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