The top headlines for FOX Business Flash on March 21st are:
Cryptocurrency prices rose early Tuesday morning, with Ethereum surpassing $ 3,000 for the first time in two weeks.
According to Coindesk, Bitcoin was trading at around $ 42,585 (+ 3.31%), while Ethereum and Dogecoin mentioned above were around $ 3,025 (+ 4.64%) and 12.39 cents (+ 2.91%), respectively.
With the exception of a temporary surge of over $ 3,000 earlier this month and a transition to today’s positive territory, ether is almost winding in the range of $ 2,400 to $ 2,800 in March. Ethereum has shown a 5.8% increase over the last 24 hours, according to a Coin Desk report.
Goldman Sachs is the first major Wall Street bank to trade OTC crypto
According to data from crypto data company IntoTheBlock, the outflow of the Ethereum exchange on Friday increased significantly, with more than 180,000 people withdrawing.
“ETH of this size left the exchange in October 2021 with a 15% price increase within 10 days,” the company tweeted.
Cryptocurrency prices rose early Tuesday morning, with Ethereum surpassing $ 3,000 for the first time in two weeks. (Reuters / Daddle Bitch / Illustration / Reuters)
Other cryptocurrency news has shown an important step towards the potential for Goldman Sachs to carry out its first over-the-counter cryptocurrency transaction and be widely adopted by major Wall Street banks.
Galaxy Digital Holdings, a global provider of blockchain and crypto financial services, said on Monday that it traded a Bitcoin-linked product called Non-Deliverable Options (NDO) with Goldman Sachs Group Inc.
Click here to get your FOX business on the go
OTC transactions, which refer to private transactions between two parties without an intermediary, are an important step in the development of cryptocurrency transactions. While major Wall Street companies have hesitated to fully adopt cryptocurrencies, the Goldman-Galaxy deal may indicate the maturity of digital assets.