Bitcoin / USDCLong
Guggenheim News Helps ‘Cool’ Bitcoin to Break $18K
Updated
At 08:10 UTC on Sunday (November 29), the Bitcoin price surged past the $18,000 level, seemingly on another run toward its all-time high of $19,870 (which, according to the CryptoCompare Index, was reached on 17 December 2017).
The trend of major public companies putting a part of their assets in bitcoin (BTC) continues to gain momentum as according to a recent development, the $200 billion-plus asset-manager, Guggenheim Partners is the latest to join the BTC frenzy.
According to a filing on November 27, Guggenheim Partners, which invests across several asset classes on behalf of clients including pension funds, and sovereign wealth funds, is seeking “investment exposure to bitcoin indirectly.”
Notably, the asset-manager is seeking exposure to the premier cryptocurrency through Grayscale’s Bitcoin Trust product (GBTC) via its Macro Opportunities Fund.
The trend of major public companies putting a part of their assets in bitcoin (BTC) continues to gain momentum as according to a recent development, the $200 billion-plus asset-manager, Guggenheim Partners is the latest to join the BTC frenzy.
According to a filing on November 27, Guggenheim Partners, which invests across several asset classes on behalf of clients including pension funds, and sovereign wealth funds, is seeking “investment exposure to bitcoin indirectly.”
Notably, the asset-manager is seeking exposure to the premier cryptocurrency through Grayscale’s Bitcoin Trust product (GBTC) via its Macro Opportunities Fund.
Note
Technically speaking, RSI indicate relative lower and volume also not quiet high. I am afraid this is going to move price down again .
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