Cryptocurrencies rose during Wednesday's trading and Bitcoin rose again above $19,000, amid optimism about the future of the cryptocurrency despite the recent market downturn.
Yassin Al-Manjara, a cryptocurrency analyst at Arc Investment Management, predicted that the price of Bitcoin will reach the level of one million dollars in the coming years.
Meanwhile, Bank of New York Mellon announced the addition of cryptocurrencies to the assets it holds as a custodian manager, noting that the launch of this service comes as part of its commitment to supporting customer demand for a trusted provider of traditional and digital asset service.
Bitcoin rose 1.03% at $19,186.12."
The second-largest cryptocurrency by market capitalization, Ethereum, also rose 1.58% to $1302.20, while Ripple fell 0.74% to 48.80 cents.
