The cryptocurrency market started the week with gains as investors hoped for monetary easing from global central banks. CoinDesk reports this.
#BTC , the world's largest digital asset, rose almost 5% overnight to $67,300, and #etherum rose 4.7% to $3,400.
âEven though the market correction appears to be overdue, the medium-term outlook looks very positive for equities, residential real estate, gold, bitcoin, etc.,â says Blokland Smart Multi-Asset Fund founder Jeron Blokland.
He attributes this to the upcoming rate cuts.
CryptoQuant analyst Bradley Park explains the success of cryptocurrencies also by the fact that the investment company BlackRock intends to launch its first fund of tokenized financial assets on the Ethereum blockchain.
