Bitcoin’s price has risen above its 50-day moving average for the first time in more than two months. The news comes after Bitcoin experienced its largest one-day rise since October, moving over the $40,000 mark.
A senior manager at the Bank of England has said it is “highly unlikely” the 327-year-old institution will develop a retail-facing wallet that could be used to store and spend digital currencies.
The U.S. Securities and Exchange Commission (SEC) has delayed its verdict on Grayscale’s proposed Bitcoin exchange-traded fund (ETF) proposal. The firm is looking to convert its Grayscale Bitcoin Trust (GBTC) into an ETF.
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Top stories in the Crypto Roundup today:
- Bitcoin Rises Above 50-Day Moving Average
- Bank of England ‘Highly Unlikely’ to Launch Retail Wallet for CBDC
- SEC Delays Decision on Grayscale’s Bitcoin ETF Conversion Proposal
- Chart of the Week: OpenSa vs. LooksRare Volumes
- Sponsored: SX Network Introduces Polygon`s First Layer-2 Blockchain