Bitcoin (BTC) experienced a steep drop last week from a high of around 19,400 to a low of around 16,200 probably due to profit taking of some traders. However, price made a successful recovery during the weekend and is currently trading above 18,000. BTC is currently on track to retest its high. A successful reclaim of 19,000 area, could be a trigger for the continuation of the rally. Otherwise, this area could act as a resistance if selling pressure persist and bring price back to test support levels around 17,000 - 16,000.
Global market cap is at $552B, while BTC's market cap is at $343B.
According to the filing, Guggenheim's Macro opportunities fund is looking to allocate up to 10% of its net asset value in Grayscale Bitcoin Trust (GBTC). This move by Guggenheim is an indication of the increased acceptance of Bitcoin among major financial institutions.
The Guggenheim Macro Opportunities fund currently has $5.3 billion in assets under management and has a four-star rating "based on risk-adjusted returns out of 270 Nontraditional Bond funds", according to independent ratings firm Morningstar.
Pizza hut, US-based pizza chain has started accepting cryptocurrencies as payment in all its stores in Venezuela. According to a tweet from crypto services firm CryptoBuyer on Nov. 27, Pizza hut stores in the South American nation
now accept crypto as a payment option for food and drinks. With CryptoBuyer, customers can use these crypto in purchasing at the restaurant chain: Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Binance Coin (BNB), Binance USD (BUSD), Ether (ETH), Tether (USDT), Dai (DAI), and CryptoBuyer's native token XPT. This move follows the partnership of CryptoBuyer with Mega Soft to facilitate crypto payments at more than 20,000 shops and businesses in Venezuela.
According to on-chain analytics provider Glassnode, Bitcoin (BTC) mining difficulty continues to rise as it increased by 8.9% on Nov. 30 and is now only 4.4% below its ATH. Higher mining difficulty can mean an increase in transaction fees. The optimal BTC transaction fee is currently 14,272 satoshis, or around $2.60, according to estimates from
This Daily Dose was brought to you by SCI News Channel.