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Bitcoin breaks $70K, Coinbase gets charter, NYSE picks Avalanche | Weekly recap

By Lawrence Mondal

In this week’s edition of the weekly recap, Bitcoin has fallen below $70,000 as liquidations and ETF withdrawals have weighed on the market. Coinbase has announced its completed federal trust bank approval, while NYSE has selected Avalanche infrastructure for its…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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