Bitcoin bounces back to $58k level, and Ethereum breaks $3K
The deleveraging that took place in the early hours of last Monday helped Bitcoin to bounce back nearly 20% this past week to get to as high a $58,498 before falling back to the $57K level.
Meanwhile, according to data by CryptoCompare, Ethereum had an even better week, setting a new all-time high of $2,954, and closing April in the green to make it seven consecutive monthly green candles for the world’s second-most valuable cryptocurrency.
So, let’s look at the main highlights of last week…
On Monday (April 26), Coindesk reported that, according to its sources, JPMorgan Chase is planning to offer an actively managed Bitcoin fund to clients of its private wealth management service, with the fund expected to launch as soon as this summer.
This Is How Cardano s First DEX Will Try To Disrupt DeFi
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Why Cardano Has Seen a Huge Spike in Developer Interest
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Silicon Valley Fosters “Unhealthy” Living
Silicon Valley is found in the San Francisco Bay Area’s southern region and acts as a global center for technology and innovation.
It’s home to many established high-tech companies, including Google, Apple, and Adobe, to name a few. As well as thousands of startups looking to benefit from proximity to these giant megacorps. In particular, the venture capital money that’s flush in the region.
“In 2020, $156.2 billion of venture capital was raised in the U.S., PitchBook reports. Of the total, 22.7% of the dealmaking occurred in the Bay Area, and 39.4% of deal value was invested in Bay area-headquartered companies.”