Bitcoin sees some respite after falling below $40,000, INX Digital raises $39.6M

Bitcoin rebounded slightly in Tuesday’s early deals after yesterday’s momentary fall beneath $40,000. Trading just over $42,000 this morning, at this level it remains down 9% over the last seven days and a far cry away from its all-time high of nearly $68,000 set in November. Analysts at ThinkMarkets, believe the digital coin is currently testing a major support area, and the next few days are key for the short-term price momentum.

The INX Digital Company, Inc. formerly known as Valdy Investments announced today it has closed its reverse takeover transaction. Raising gross proceeds of $39.6 million dollars, the crypto trading platform is expected to soon begin trading on the NEO exchange in Canada.

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