Bitcoin is currently exchanging hands at $8,683 at the time of writing. The price has recovered slightly from the dip to $8,100. An intraday high has been achieved at $8,812 (short term resistance level). Glancing further up $9,000 is the next resistance; that if broken could pave the way for the leg up to the critical resistance at $10,120 (previous week high).
The total value of assets managed by cryptocurrency-focused hedge funds has increased significantly in 2019, according to the recent survey, provided by PwC and Elwood Asset Management Services. The investment company that specializes in virtual assets found out that the total value of assets under management (AUM) increased by more than $1 billion in 2019, which was partially caused by Bitcoin’s price recovery after the crypto winter.
According to the research paper published on the website of Cornell University, an overwhelming majority of transactions of XRP Ledger had been pointless and only 2% of all 2% of all XRP transactions led to value transfers.