BTC/USD sits in a range, capped by $7,500. Grayscale publishes investment research. Bitcoin, the largest digital currency by market value, is changing hands at $7,430. The coin touched $7,584 on Wednesday, but failed to progress any higher since that time. While the downside momentum is not so active during Asian hours, the end of the working week might bring in some volatility to the cryptocurrency market. Meanwhile, the Digital Asset Investment report, published by Grayscale Investments, revealed steady growth of of net flows during the first half of 2018. The fund raised $250M in digital assets, which is the fastest pace ever. Moreover, the company registered strong interest from institutional investors, which might mean that the cryptocurrency industry is transforming from a retail-majority market to a more mature institutional market. Grayscale manages $2B in assets and operates a number of crypto funds for Bitcoin, Bitcoin Cash, XRP, and Ethereum. Bitcoin’s technical picture From the longer-term perspective, BTC/USD is capped by 100-DMA (currently at $7,611). Once it is cleared, the next critical hurdle, produced by 50% Fibo ($7,862) will come into focus. On the downside, the nearest support comes at $7,000, followed by $6,761, which is 23.6% Fibo retracement, strengthened by 50-DMA. BTC/USD, the daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD: Bearish outside-day and Yuan sell-off could hurt the EUR FX Street 5 years BTC/USD sits in a range, capped by $7,500. Grayscale publishes investment research. Bitcoin, the largest digital currency by market value, is changing hands at $7,430. The coin touched $7,584 on Wednesday, but failed to progress any higher since that time. While the downside momentum is not so active during Asian hours, the end of the working week might bring in some volatility to the cryptocurrency market. Meanwhile, the Digital Asset Investment report, published by Grayscale Investments, revealed steady growth of of net flows during the first half of 2018. The fund raised $250M in digital assets, which is the fastest… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
