Cryptocurrency prices traded sideways this Friday, in what has been a subdued action in the digital currency market.
Bitcoin, BTCUSD is trading at $3,594.70 has being trading within the $3,700-$3,400 range.
A number of lower highs has kept bitcoin at the bottom of its range, but until support at $3,400 breaks, he expects the medium-term range to stay within $3,400 to $3,700 to hold.
Grayscale launches new investment trust
New York-based Grayscale Investments said on Thursday it has launched its 10th investment vehicle, the Grayscale Stellar Lumens Trust. The trust would give investors exposure to XLM, the currency that runs on the Stellar network, which is the sixth largest digital currency by market cap, according to data from CoinMarketCap. Stellar is an open-sourced payment protocol that is often used to facilitate cross-border transactions.
What are altcoins and futures doing
Altcoins the group of coins other than bitcoin were mostly unchanged on Thursday. Ether ETHUSD, +0.53% was off 0.2% at $121.91, Litecoin LTCUSD, +0.61% was down 0.4% to $31.16, Bitcoin Cash BCHUSD, -0.16% gained 1.4% to $129.00, and XRP, XRPUSD, +0.33% was up 0.2% at 33 cents.
Bitcoin futures finished higher on Thursday. The Cboe Global Markets February contract XBTG9, -0.07% ended the session up 0.3% at $3,602.50, while the CME Group February contract BTCG9, +2.12% gained 1.6% to $3,605.