Bitcoin Maintains $19,000 Level As Corporate Adoption Keeps Growing
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This week CryptoCompare data shows the price of Bitcoin (BTC) moved from about $19,200 at the start of the week to a low slightly above $17,500 before recovering back to $19,100 at press time. The cryptocurrency has maintained this level despite a few pullbacks.
Ether (ETH), the second-largest cryptocurrency by market capitalization, has similarly remained close to $600, despite enduring several pullbacks to $535, from which it recovered quickly. At press time it’s trading at around $580.
Headlines seen in the cryptocurrency space throughout the week have kept on revealing institutional investors are moving into the space. On December 10 the Massachusetts Mutual Life Insurance Company (MassMutual), announced it made a $100 million investment in Bitcoin and bought a minority stake in institutional crypto provider NYDIG.