30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $18,607
Bitcoin price has recovered almost all of its value from its recent drop to end last week, gaining ground back into the high $18,000s over the weekend.
Top-20 altcoins have had a strong performance over the last 24 hours of trading, as Ethereum rises 6%, XRP remains stable, and Chainlink sees a 5% gain.
Top Stories for November 30, 2020
Co-founder of Three Arrows Capital, Kyle Davies has emphasized that recent gold outflows are going into Bitcoin and not “ripples”.
“No one goes gold -> $BTC -> alts”, Davies highlighted, in response to reports of weekly institutional gold outflows being the largest ever on record.
According to a Bank of America graphic, about $5 billion worth of gold has been sold off recently, the largest amount since 2013.
Singapore’s third-largest bank, United Overseas Bank, could be in the process of building its very own cryptocurrency custody solution.
The notion has been prompted by a recent job posting by the bank for a VP crypto position, which is seeking advice on designing a solution to manage cryptocurrency keys.
A Cureve Finance vote has decided that almost $3 million in fees generated by the platform will be distributed to CRV token holders.
Almost 50% of all eligible voters participated in the vote. The fees – worth $2,631,602 – will be distributed on a weekly basis.
The post Institutional Gold Outflows Going Into Bitcoin, Not Alts – November 30 appeared first on BitcoinPrice.com.
Source: Institutional Gold Outflows Going Into Bitcoin, Not Alts – November 30