Bitcoin Price Holds Strong, Ethereum Reaches $600: Crypto Markets Brief

What Happened: Bitcoin price has been going steady, gaining 9.57% over a week. It traded at $18,334.95 at press time.

The leading altcoin Ethereum price has reached the $600 mark for the first time since July 2018. The digital coin gained 32.29% over the week and traded at $605.

The current market capitalization of the crypto industry is $551,092,579,109.

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Why It Matters: The crypto industry has seen major institutional players coming this quarter, more than in the previous one, according to a JPMorgan Chase & Co. JPM report, as per CoinDesk.

The banking giant launched a blockchain unit called Onyx with a JPM Coin ready for cwommercial use in October, a crypto publication and research platform the Block has reported.

Paypal Holdings Inc PYPL's crypto payment and trading platform went live for US citizens on Nov. 12.

GBTCGrayscale Bitcoin Trust (BTC) Common Units of fractional undivided beneficial interest

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