Robinhood Plans to Launch a Crypto Wallet

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Today’s Cryptocurrency Headline

Stock and cryptocurrency trading platform Robinhood announced at crypto conference Permissionless that it will launch a new wallet app that will allow users to access NFT marketplaces, DeFi, decentralized exchanges and swap tokens. Its functionality is similar to other non-custodial wallets like MetaMask, and the company plans to roll out the product fully to its entire user base by the end of this year.

BingX’s Bitcoin Chart

Source: TradingView& BingX

21Shares US Advisers has launched a Crypto Basket 10 Index Fund and a Crypto Mid-Cap Index Fund to the US market. Bitcoin is down 5.5% over the last 24 hours and fell to an intraday low of $28,614.86. Bitcoin’s recovery failed to hold the price above the $30,000 psychological price level, suggesting that the sentiment remains negative and bears are selling on the relief rally. The BTC/USDT pair could find support at $27,000. If the price breaks below $27,000, the pair could decline to $24,500.

 

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