Bitcoin Remains Around $11,600
iHodl.com
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Aug. 24, 2020

On Monday, August 24, bitcoin is still trying not to fall below the $11,600 mark. At press time, the largest cryptocurrency by market cap is trading at $11,771 (+1.21%).

Bitcoin Remains Around $11,600
exante.eu/trade

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum also stays above $397 (+1.57%). XRP is trading at $0.287 (+1.87%).

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

FxPro's team of analysts say:

"If we take the possible correlations between bitcoin and the traditional market, then precious metals and stocks showed near-zero dynamics, which is quite comparable with what is happening around bitcoin right now."

The total cryptocurrency market capitalization is $367,4 billion, according to CoinMarketCap.

iHodl earlier reported that 21 Analytics, a Switzerland-based software developer focused on financial crime prevention for virtual asset service providers, carried out the first automated crypto trade that complies with the state's watchdog guideline.

Ex-Uber CSO Paid $100K in Bitcoin to Cover Up 2016 Hack

The transaction was carried out by Zurich-based Crypto Finance AG and Mt Pelerin, a Swiss fintech firm, under Finma's money laundering ordinance.

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