While most top-25 cryptocurrencies took a hit last month, lesser-known cryptocurrency bytecoin scored decent gains. 1 billion “Social Impact Fund” to foster the growth of startups in the blockchain and what is the price of bitcoin space. A long-term moving average has turned bearish for the first time in four years, threatening to impede continued gains in bitcoin’s price.
The Huobi exchange announced on Friday that it is launching a cryptocurrency-related exchange-traded fund. 10 million Series A round fully funded by IDG Capital. With regulatory uncertainty looming over the industry, incumbents should not feel too comfortable at the top. Bitcoin’s corrective rally is gathering traction and may cross a key resistance hurdle soon, the technical charts indicate.