Last week the market cap of Bitcoin surpassed $1 trillion once again. The price of the cryptocurrency marked another all-time high at a level of approximately $62,000 per digital coin and intensified the euphoria in the crypto market. According to Bloqport, the crypto trading volume on Korean cryptocurrency exchanges has surpassed the trading vo...
Last week, on Thursday, Bloomberg released their March 2021 report on Bitcoin. In their report, Bloomberg outlined that Bitcoin is already transitioning from a speculative risk asset to a global digital store-of-value. The financial media company highlighted that many investors had started replacing gold with Bitcoin in their portfolios. That is...
Bitcoin's market capitalization has surpassed $1 trillion – a decisive psychological threshold that was unimaginable just 5 or 6 years ago. One of the reasons behind the substantial price increase is the start of the institutional investors' phase – a period when big hedge funds, banks, and investment companies start entering the market. For exa...
On February 8, Tesla announced it had invested $1.5 billion in Bitcoin, thereby converting part of its cash on the company balance into cryptocurrency. Moreover, the electric vehicle company highlighted it would start accepting Bitcoin as payment for its cars. The crypto market reacted immediately to the positive news. The price of Bitcoin surpa...
Elon Musk, the founder of Tesla and SpaceX, who provoked an intraday pump of Dogecoin (DOGE) last week, keeps joking with the crypto community on Twitter. On Thursday, he posted an image from 'The Lion King' that showed himself holding up a dog symbolizing Dogecoin: Source: Twitter Later, he followed up with another tweet where he stated that D...
On Thursday, investing app Robinhood blocked purchases of GameStop, AMC, and BlackBerry stock as trading on the stock market surged among retail users. Many users started to complain that they could not trade GameStop and other shares, and also their functionalities in the Robinhood platform are limited. This event attracted the attention of the...
Last week, Bitcoin remained under pressure. On Friday, the price of digital gold even fell below the psychological level of USD 30,000. Interestingly, this price drop coincided with the publication of a report from BitMEX Research suggesting that a critical flaw called "double spend" had occurred in the Bitcoin blockchain: Source: Twitter Doubl...
Last week, many institutional investors announced very positive price targets for Bitcoin and cryptocurrency in general. In an interview on CNBC, Guggenheim Partners investment director Scott Minerd confirmed once again his long-term forecast for Bitcoin's growth to $400,000. Dan Morehead, CEO of cryptocurrency hedge fund Pantera Capital, said t...
Last week, Bitcoin set a new all-time high by surpassing the psychological level of $41,000 per digital coin. Because of this, Tesla and SpaceX founder Elon Musk (who has recently become the world's richest person, as his net worth crossed $185 billion) admitted he didn't mind getting paid in Bitcoin. Source: Twitter Therefore it seems that the...
Last week a few crypto exchanges announced that they would delist some of the so-called privacy coins such as Monero, Dash, and Zcash. For example, Bittrex warned its customers that it would remove these cryptocurrencies on January 15th: Source: Twitter The reason behind the decision to delist the privacy coins is still unclear; some cryptocurr...