As it makes new all-time highs, Bitcoin is now in the focus of the public’s attention once again. Astronomical price predictions are popping up left and right and even some celebrities are now publicly talking about cryptocurrency.
BTC/USD began the trading on 12th January at 35,468, according to the exchange rate at CEX.IO. In the first two hours, the pair edged down to 34,000. Then, starting from 03:00 UTC BTC/USD began an ascendency, which at 08:00 UTC took the pair to the 50-period simple moving average at around 35,600. The attainment of the moving average was a signal for a renewal of bearish price action, which was quickly confirmed: moving down consistently, the pair reached 32.501 in between 14:00 and 15:00 UTC.
As usual, several projects are deploying important mainnet upgrades and launching new features this week. Our this week’s selection consists of three coins that we think will benefit from the increased attention. Will this be enough to end what it appears to be a significantly bearish week in the green?
Find out which countries have launched their digital currencies, what this means for Bitcoin and cryptocurrency and how this could affect future markets.
According to an announcement by the Kraken cryptocurrency exchange on Wednesday, customers have staked over $1 billion worth of cryptocurrency via its platform. A spokesperson from the exchange revealed that Ethereum represents around one-third of the staked assets. Tezos and Polkadot are among the other significant cryptocurrencies popular among Kraken customers who are using the exchange’s staking services. Kraken also supports other coins for staking, including Kava and Cosmos.
It has been a few days since we entered 2021 and the cryptocurrency market continues its rally. The very first selection of top coins to watch this year is again topped by the most popular and most established cryptocurrency, but while often staying in the shadow of Bitcoin and Ethereum, other projects are also making significant progress by deploying new features.
With the rise of the internet came the beginning of investing in cryptocurrencies. Now, nearly every significant financial institution is looking towards cryptocurrencies to store value and create new wealth. Suppose you’re someone who is thinking about getting into cryptocurrencies. In that case, there are several avenues that you can take to get started.
Bitcoin continued to set a new ATH price today at $35,868 after the cryptocurrency rallied by another 9.2%. The growth of Bitcoin over the past 3-months has been truly extraordinary after the cryptocurrency managed to rise by a robust 225%.
Crypto news publication The Block obtained an investor deck made by Anthony Scaramucci’s Skybridge Capital which reportedly shows that the company has already invested $182 million into Bitcoin. The company is also planning to launch a new Bitcoin fund, and has established companies such as the crypto-friendly bank Silvergate. In another part of the deck, Skybridge reportedly stated it had allocated $25.3 million to the new Bitcoin fund.