The Bitcoin market has been in a frenzy lately, and it’s attracting a lot of attention. We’re seeing famous individuals discussing Bitcoin publicly at an increased rate. Wealthy ad famous people are very influential, and when they enter the crypto space, others will think more seriously about this new world.
On Thursday, 19th November, the BTC/USD price rate opened at 17,810. In the first hour, the price dipped below 17,600 but quickly rebounded to almost the level of the open. In the next three hours, the price was edging up, several times reaching above 18,000.
European Central Bank president Christine Lagarde thinks it’s more likely than not that Europe will decide to release a digital euro. When commenting on the digital euro, Lagarde also explained that the ECB isn’t racing to be the first to release a central bank digital currency, but added that she believes the bank will decide about this project shortly.
The BTC price increase that we have seen this month has truly been exceptional. The cryptocurrency has managed to surge by a total of 55% over the past 30-days which allowed it to climb above the $18,000 level before dropping off slightly to $17,750.
We are happy to announce that Chainlink has been successfully deployed live on Matic Network as our recommended oracle solution for developers. Matic is the second blockchain, after Ethereum, to actively integrate Chainlink Price Feed oracles!
With fall now upon us and summer well in the past, you may be left wondering what things you can do to keep yourself entertained. While there are some warm fall days, the majority will be too chilly to spend outside, and if you’re a lover of the outdoors, this is not a good thing.
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Satoshi Nakamoto, the pseudonym of the Bitcoin creator, developed cryptocurrencies as a medium of payment and a store of value. The other cryptocurrencies that followed had similar or more advanced use cases. The way cryptocurrencies redefined payments was a clear indication that they will soon become a part of many other industries apart from pure account-to-account digital payments.
Although ETH has strong fundamentals and is the spine of the decentralized finance ecosystem, its price action has been sharply underperforming BTC for a few weeks now. ETH’s price is now below its peaks in 2020, while BTC’s price is at its highest levels since the massive bull run of 2017.