Interest in cryptocurrencies continues to grow.. Bitcoin and Ethereum find support from bank comments. Bitcoin and Ethereum have risen in the last two days, receiving support from Citigroup’s Bitcoin report..
Bitcoin, which tested below $ 44k at the end of the week, reacted from the bottom this week and tested the level of $ 50k on the second trading day of the week.
Bitcoin and other cryptocurrencies not only attract the attention of mainstream financial institutions and Wall Street, but also attract the attention of regulatory agencies.
The report, released by Citigroup’s Global Perspectives & Solutions unit, said Bitcoin would either become the currency of choice for international trade or suffer “speculative devastation.”
Goldman also plans to reopen its trading unit for cryptocurrencies, a source with knowledge of the matter said. Goldman is expected to offer its Bitcoin futures contract to customers as early as mid-March.
“As long as more banks make constructive comments about Bitcoin, the speculative bubble will continue to grow, ” said Ed Moya, Senior Market Analyst at Oanda.” said.
Bitcoin is hovering around $ 48,796, up more than 10 per cent this week after falling as low as $ 43k over the weekend.
Ethereum, on the other hand, is at $ 1,559, up about 20 percent since Sunday, following Bitcoin.