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Bitcoin up; Apple said to have interest in Crypto

Investing.com –Bitcoin continued to trade higher while other major digital coins fell on Friday in Asia.

Bitcoin was able to stay above the $10,000 mark since Tuesday. The digital coin gained 0.44% to $10,584.7 by 10:18 AM ET (02:18 GMT).

However, Ethereum dropped 0.25%. XRP fell 1.11% and Litecoin declined 2.51%.

Much of the industry’s attention today went to smart devices giant Apple, which was said to be interested in the digital coins. Vice president of Apple Pay Jennifer Bailey told CNN Business that Apple is “watching cryptocurrency.”

“We think it has interesting long-term potential, but we’re primarily focused on what customers are using today … and are happy with,” Bailey said.

Should Apple move into the crypto space, it would be "a major shot in the arm for crypto," said Dan Ives, an analyst at Wedbush Securities.

Apple has been tapping into consumer finance in recent years. After launching Apple Pay in 2014, it released the Apple Card in collaboration with Mastercard and Goldman Sachs.

However, market interest in crypto might be declining, as crypto data tracker TokenAnalyst suggested.

Fewer are sending major digital coins to exchanges such as Binance and Bitfinex. The number of addresses sending the token to Bitfinex hit a two-year low, and the amount on Binance also dropped to early 2018 levels.

Sid Shekhar, co-founder of TokenAnalyst, said it reflects “a lack of retail interest in general currently in crypto.”

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