Top 5 Cryptocurrencies to Watch This Week: BTC, XTZ, ADA, LINK, ETC
Cointelegraph
Published May 24, 2020 12:57PM ET
Updated May 24, 2020 02:40PM ET
The institutional interest in Bitcoin (BTC) has increased in the past few months, according to data from Grayscale Bitcoin Trust. If the trend continues at the same pace, by March 2021, GBTC would have purchased 75% of the newly mined Bitcoin during the period. By that time, its total holding of the top-ranked cryptocurrency on CoinMarketCap would increase to 3% of the total circulating supply. If this happens, it could be a huge sentiment booster for investors who believe institutional investment is the key for mass adoption.
Crypto market data daily view. Source: Coin360
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Written By: Cointelegraph
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