Cryptocurrencies go up amid a whole batch of good news
The main cryptocurrency assets traded with low volatility at the end of last week. The price of Bitcoin remained unchanged at around $ 5,100, Ethereum rose slightly to the level of $ 164, and XRP reached $ 0.3250.
At the end of last week in France, a new law was adopted, which will become a new important stage for the official adoption and regulation of cryptocurrency in the Eurozone. Under the new law, France based insurance institutions in will have the possibility to invest in virtual currencies via specialized professional funds without limitations on the amount of investments. In addition, insurance companies will be able to offer their customers cryptocurrency-based products. Private equity investment funds also fall under this law, and this may mean that institutional investors may be affected.