Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, BNB, UNI
Cointelegraph
Published Jan 03, 2021 01:00PM ET
Updated Jan 03, 2021 02:40PM ET
Bitcoin (BTC) has consistently been hitting new all-time highs over the weekend, but the latest surge has also created a new high against gold, according to MarketWatch data. This suggests that Bitcoin has been gaining acceptance as the new store of value and that may attract more customers away from gold into Bitcoin.
Analysts suggest that the latest rally above $30,000 could have been triggered by aggressive buying from institutional investors on Coinbase, as suggested by the large premium of about $350 compared to the price in Binance.
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Written By: Cointelegraph
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