Matrixport, a crypto financial services platform, stated in its recent note that the price of Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has increased by 25% last month, with the majority of this gain recorded during the US trading session, emphasizing the importance of the US market for the cryptocurrency market. The Importance of the US Market for the Cryptocurrency Market Markus Thielen, research director at Matrixport, stated in the note, “This is an important development and indicates that US institutions and investors are embracing the news that a spot Bitcoin exchange-traded fund (ETF) will be approved soon.” ETFs trade on an exchange and track the price of an underlying asset. The post The Importance of the US Market for the Cryptocurrency Market appeared first on COINTURK NEWS.