Bitcoin (BTC) rose 5% over the last 24 hours, reaching an important psychological level of $20,000 as global markets climbed, lifting U.S. index futures and European stocks. The move comes as investors were eyeing whether central banks will have to slow their pace of monetary tightening.
Ethereum (ETH) was up by 4% on the day to $1,350. DeFi (decentralized-finance) tokens also rallied on Tuesday, with Chainlink’s LINK up 7.5% and the token for liquid staking protocol Lido DAO (LDO) up 9.6%.
Other winners included the tokens of Quant Network, up 8%, Polygon (MATIC), up 7%, and Cosmos (ATOM), up 7.4%.
In the news, Grayscale Investments, which offers the world’s biggest bitcoin trust, is bringing a key administrative role for all of its products in-house through a new broker-dealer unit.
Grayscale Securities, the new broker-deal division, will handle selling shares of the company’s crypto trust products, taking over a function previously provided by fellow Digital Currency Group subsidiary Genesis Global Trading. (Digital Currency Group also owns CoinDesk.)
