Crypto market livens up as MicroStrategy says it wants more Bitcoin
The global crypto market cap is $2.17 trillion with a 24-hour volume of $143.38 billion. The price of Bitcoin is $56,329.15 and the BTC dominance is at 48.7%.
⚡️ Access more crypto insights in every article as a member of CryptoSlate Edge. Learn more
by Liam Frost
Prices of Bitcoin (BTC) and other major cryptocurrencies swiftly began to pick up steam today after a week of uncertainty, potentially boosted by MicroStrategy announcing its plans to continue buying BTC.
According to crypto metrics platform CoinGecko, Bitcoin is currently trading at over $57,000, up roughly 7% on the day. Ethereum (ETH), the second-largest crypto by its market capitalization, fares slightly worse—the token hovers in a price corridor around $2,745, although still up 13.4% over the week.
Meanwhile, Binance Coin (BNB) has entrenched above $600 for the time being, up 2.8% on the day and 18.6% on the week. Ripple’s XRP, despite the ongoing legal battle with the Securities and Exchange Commission, similarly surged in price by roughly 17% today and reached up to $1.65.
Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily.
More news ⏬
The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday.
American investment bank JPMorgan has teamed up with Singaporean DBS Bank and holding company Temasek to develop a blockchain-based interbank remittance system, dubbed Patrior, that aims to soothe some of the most common “pain points” in the sector.
Decentralized swap marketplace Bounce Finance would become the first marketplace to host Polkadot (DOT) and Kusama (KSM) parachain auctions, it said in a release today.
American food company General Mills has released its first nonfungible tokens (NFTs) with Dunkaroos, as per a tweet earlier this week.
CryptoSlate recently had the opportunity to chat with Ali Raheman, Founder of Autonio, an algorithmic trading platform that also develops solutions that enhance DeFi liquidity. Ali has a Bachelor of Medicine and a Bachelor of Surgery (MBBS) from Xi’an Jiaotong University, China alongside his work as Founder of Autonio.
Bequia, a small island in the Caribbean just 18 square kilometers in size, is primed to become the world’s first fully Bitcoin-enabled community, Euronews reported earlier this week.
Binance Coin (BNB) has strengthened its market capitalization to position itself as one of the world’s largest cryptocurrencies.
The University of Wyoming, one of the oldest and largest schools in the state of Wyoming, United States, has appropriated over $4 million towards staking ‘no less than’ three cryptocurrencies, an official document showed.
The East African country of Tanzania will partner with Cardano’s parent company IOG to facilitate mobile internet connectivity, digital identity, and financial empowerment to rural communities in the country.
Few individuals make the career switch from a “steady” mainstream financial news publication to writing a book on the “risky” crypto space.
We’re talking about Camilla Russo, the rockstar author behind cult favorite “The Infinite Machine”—an account of Ethereum’s “past, present, and likely future.”
Control your wealth
Ad: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands.
🔥 Trending Sectors
👨🏻🌾 Yield Farming Coins
Crypto market data
For more pertinent market data, please see:
Connect with us
Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.