Crypto Currency News

Bitcoin Price starts a new rally as Ethereum stabilizes

The leading crypto currency opened today with a rise of 4%

Bitcoin (BTC) rebounded slightly and is starting to get its recovery back on track. The crypto currency opened the day today with a rise of 4%, which took its price above USD 56,000. As of press time, the price of BTC is $ 56,460.

The ecosystem enthusiastically celebrated the latest projections from the New York Digital Investment Group – one of the world’s leading crypto custodians – suggesting that the adoption of digital assets still has a long way to go before the end of the year.

According to NYDIG, hundreds of US banks will launch new crypto services in the short term. The sale and storage of crypto currencies will become a “common” tool for the vast majority of financial institutions next year.

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The New York firm itself announced that it will launch new types of bank accounts that pay dividends in BTC and has partnered with Fidelity National Information Services (FIS) to allow several local banks to follow the same path in the coming months. The global momentum in terms of adoption makes the announcement the news of the day for crypto traders.

“What we are doing is making it easier for Americans and ordinary corporations to buy bitcoins through their existing banking relationships. If I use my mobile app to do all my banking, I now have the ability to buy, sell and hold BTC,”explained Patrick Sells, head of banking solutions at NYDIG.

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On the other hand, the altcoin market again showed encouraging numbers. Ethereum (ETH), the second largest crypto currency on the market, was the only asset to report daily losses. After frenzied weekly growth, ETH corrected by just 1.5% and its price is just above $ 3,350.

The daily jumps were led by Bitcoin Cash (BCH), which jumped 21% and once again entered the top ten crypto currencies at a price of $ 1,217. Dogecoin (DOGE) also posted similar growth and is continuing to grow. After a 20% rally, its price climbed to $ 0.64.

XRP and Litecoin (LTC) are up 11% and are trading above $ 1.57 and $ 344, while Polkadot (DOT) grew 8% to hit $ 39.49. Binance Coin (BNB) and Cardano (ADA) are up 4% and 6%, respectively, thus trading at $ 652 and $ 1.39.

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