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Today’s Cryptocurrency Headline
Canadian alternative investment firm Accelerate Financial Technologies is about to launch an NFT fund, the Accelerate NFT Fund, and plans to own a series of blue-chip NFTs, including CryptoPunks and the Bored Ape Yacht Club series of NFTs. It is understood that Accelerate is an alternative investment solutions provider in Canada, offering products such as hedge fund ETFs, crypto ETFs and DeFi funds.
BingX’s Bitcoin Chart
Bitcoin is down -2.38% over the past 24 hours and fell to an intraday low of $20,126.61. The largest cryptocurrency has been trading in a tight range between $20,500 and $22,000 for the past week. Ongoing sideways trading is also confirmed by the low volume, which means that neither bulls or bears are dominating. For now, the bulls must hold the price above $20,000 in order to rebuild market confidence.
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