post-title Cryptocurrency funds rally as bitcoin hits a 2-month high – MarketWatch

Cryptocurrency funds rally as bitcoin hits a 2-month high – MarketWatch

Cryptocurrency funds rally as bitcoin hits a 2-month high – MarketWatch
Cryptocurrencies News

Crypto funds surged Monday as bitcoin BTCUSD, +1.22% broke out from a recent trading range and rose to its highest in two months. There is no exchange-traded fund made up of direct crypto assets, although regulators are considering numerous applications for one, but two trusts are often used as proxies for digital currencies. The Grayscale Bitcoin Trust GBTC, +4.23% was up more than 12% at midday, while the Grayscale Ethereum Trust ETHE, -10.31% jumped nearly 30%. Many analysts believe demand for bitcoin is rising for the same reasons demand for gold GC00, +0.22% has surged: investors are seeking alternatives to stocks and cash. Bitcoin traded at about $10,354 at midday, up nearly 5% for the day, and some experts believe it could head to $15,000 next.

About Juan Rodulfo

Defined by Nature: Planet Earth Habitant, Human, Son of Eladio Rodulfo & Briceida Moya, Brother of Gabriela, Gustavo & Katiuska, Father of Gabriel & Sofia; Defined by the Society: Venezuelan Citizen (Human Rights Limited by default), Friend of many, Enemy of few, Neighbor, Student/Teacher/Student, Worker/Supervisor/Manager/Leader/Worker, Husband of Katty/ Ex-Husband of K/Husband of Yohana; Defined by the US Immigration System: Legal Alien; Defined by the Gig Economy: Independent Contractor Form 1099; Studies in classroom: Master Degree in Human Resources Management, English, Chinese Mandarin; Studies at the real world: Human Behavior; Studies at home: Webmaster SEO, Graphic Web Apps Design, Internet & Social Media Marketing, Video Production, You Tube Branding, Trading, Import-Exports, Affiliate Marketing, Cooking, Laundry, Home Cleaning; Work experience: Public-Private-Entrepreneur Sectors; Other Definitions: Bitcoin Evangelist, Human Rights Peace and Love Advocate. Author of: Why Maslow: How to use his theory to stay in Power Forever (EN/SP); Asylum Seekers (EN/SP); Manual for Gorillas: 9 Rules to be the “Fer-pect” Dictator (EN/SP); Why you must Play the Lottery (EN/SP); Para Español Oprima #2: Speaking Spanish in Times of Xenophobia (EN/SP). Social Media profiles: Twitter/FB/Instagram/VK/Linkedin/Sina Weibo: @rodulfox
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