Week in review: October 1, 2021 - Bitcoin market is in good shape

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In this week's newsletter:

  • Mike Novogratz says that the Bitcoin market is in good shape and that China's influence on crypto is diminishing.
  • The first crypto assets fund gets approval in Switzerland.
  • Ukraine is building a digital future with Bitcoin.

Read our weekly round up below.

Billionaire Mike Novogratz Says Bitcoin Market Is 'in Good Shape' — China Has 'Less and Less' Influence Over Crypto

Bitcoin.com: September 26, 2021

The billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape, noting that he sees “so much capital coming into the space.”

Swiss Markets Watchdog Approves First Crypto Assets Fund

Reuters: September 29, 2021

The Crypto Market Index Fund is restricted to qualified investors and categorised under "other funds for alternative investments" with particular risks, the Swiss Financial Market Supervisory Authority (FINMA) said in a statement.

Ukraine Is Building A Digital Future With Bitcoin

Nasdaq: September 29, 2021

Embracing Bitcoin could be Ukraine’s greatest geopolitical move to usher in a prosperous future. Bitcoin, among other cryptocurrencies, may soon be used legally in Ukraine, once President Volodymyr Zelensky signs the legislation passed by Ukraine’s Parliament on September 8.

Morgan Stanley Doubled Down On Its Bitcoin Exposure By Buying Into The Grayscale Trust: Filing

Business Insider: September 28, 2021

Investment bank Morgan Stanley has been gradually ramping up its involvement in the cryptocurrency market this year, and recently doubled down on its bitcoin exposure via the Grayscale Bitcoin Trust (GBTC), according to a SEC filing Monday.

This Week in Bitcoin: Whales Moving Record Amounts

Tipranks: September 30, 2021

As another wild week filled with liquidations and panic selling wraps up, a short-term rally managed to push BTC (BTC-USD) prices just north of $42,000. Still, dipping prices have triggered renewed interest as the ecosystem witnesses an influx of retail investors.

Bitcoin Pokes $48K As The Crypto Market Cap is Up by $170B in a Day

Crypto Potato: October 1, 2021

It seems the positive news coming from the US continues to impact the cryptocurrency market as BTC spiked once more – this time above $47,000. With most alternative coins following alone, the liquidations have risen to roughly $400 million on a daily scale.

$2 Trillion Crypto Price Boom: Bitcoin, Ethereum, Cardano, BNB, XRP, Solana, Polkadot And Dogecoin Are Suddenly Soaring

Forbes: October 1, 2021

The bitcoin price has added 10% over the last 24 hours, gaining $5,000 within one hour this morning. Other major cryptocurrencies have also leaped higher, with ethereum jumping 9% and climbing back over $3,000 per ether.

Billionaire Investor Bullish on Bitcoin: 'Crypto is here to stay'

Cointelegraph: October 1, 2021

Orlando Bravo, co-founder and managing partner of private equity firm Thoma Bravo, expressed his unwavering endorsement of the cryptocurrency market in an interview at CNBC’s Delivering Alpha 2021 conference on Wednesday, revealing that he is “very bullish” on his personal investment in Bitcoin (BTC).

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.