Bitcoin Falls Below $47,000 – ihodl.com


Bitcoin has started the last day of the workweek posting losses. At press time, the largest cryptocurrency by market cap is trading at $46,583.8 (-6.19%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ether has fallen to $1,457.58 (-6.51%), while XRP has increased by 0.2% and is now trading at $0.455.

It has recently been known that crypto exchange Huobi has plans to launch three funds for investments in digital assets through Huobi Asset Management, its Hong Kong-registered division, journalist Colin Wu has reported.

Huobi Asset Management has obtained a license from the Securities and Futures Commission of Hong Kong to launch these instruments. One of the funds will invest in Bitcoin, another in Ether and the third in multi-asset strategies. Both fiat money and cryptocurrency investments will be accepted.

According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in red.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,441,926,356,205.

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