Bitcoin
BTC
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The bitcoin price has breached $30,000 per bitcoin for the first since last summer, helping the combined bitcoin, ethereum, BNB
BNB
XRP
Now, a Bank of America
BAC
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The tokenized gold market—boasting lower costs and better liquidity than exchange-traded-funds (ETF) and futures—topped $1 billion in value for the first time in March, according to a Bank of America report seen by Coindesk, naming the accelerating tokenization of real-world assets a “key driver of digital asset adoption.”
“Tokenized gold provides exposure to physical gold, 24/7 real-time settlement, no management fees and no storage or insurance costs,” the bank’s analysts Alkesh Shah and Andrew Moss wrote in the report, adding the low minimum investment increases accessibility and “fractionalization enables the transfer of physical gold ownership and value that was not previously possible.”
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Meanwhile, ethereum’s long-awaited Shanghai upgrade this week has re-ignited hopes that Wall Street and institutional investors could be about to pile into the crypto market.
Last month, two of the world’s largest financial institutions with a combined $14 trillion in assets under management—Fidelity and BlackRock
BLK