Bitcoin prices today were flat despite a significant development that could attract more millennials into the cryptocurrency investment space.
Mobile investing app developer Robinhood announced it would roll out Bitcoin and Ethereum trading in February.
The firm will begin with trading in just five states: California, Massachusetts, Montana, Missouri, and New Hampshire.
The firm said that it plans to provide free Bitcoin and Ethereum trading as a way to build its user base and brand.
In other Bitcoin news, traders are still watching a decision this week by Irish payment processor Stripe to end its handling of Bitcoin payments.
The company blamed price volatility, slow payment times, and expensive processing fees. Stripe has since announced that it may consider adding Stellar as an alternative.
Below is a recap of the top cryptocurrency prices at 1:00 p.m. EST.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.