Ethereum has once again peaked above the daily Ichimoku cloud while the medium term market sentiment appears to be more of a consolidation. Bitcoin, on the other hand, has been making its moves back up towards the all-time high levels, which could ultimately lead to making new highs towards the end of the year. Meanwhile, as both Bitcoin and Ethereum remain the largest cryptocurrencies by market value, there is a new swap code between the two available on the blockchain technology. A team of cryptocurrency startup developers is open-sourcing technology that enables trustless trading between the bitcoin and ethereum blockchains. As a result of the release, a now larger community of developers can play around with and build on top of the code. However, it is still important to note the technology is in its early stages. In other news, a new investment product focused on ethereum, is now open to investors on the Nasdaq Stockholm exchange. As of Wednesday morning, investors can now gain exposure to the price movement of ether via the trading of two new exchange-traded notes, or "ETNs," on Nasdaq Stockholm.Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
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