Bitcoin is now at $23,000, but legacy funds are calling a move to $400kBTC $23,083 (+17.2%) • ETH $663 (+11.8%) • XRP $0.56 (+23%)
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Pioneer cryptocurrency Bitcoin did one for the record books today after it crossed the $22,000 mark for the first time in its 12-year history. The milestone came mere hours after the asset reached an all-time high of $20,000, bumped immediately afterward to $21,000, and then marched on to $22,000. Bitcoin has surged by 10% in the past two weeks alone and is up over 400% since March lows. A flash crash at the time led to sentiment turning negative for the world’s largest cryptocurrency, but it has since led its recovery to price levels unlike anything seen before. Most in the crypto world are now calling for a $30,000 Bitcoin in the short-term, and a rally to as high as $250,000 by the end of 2021. For now, however, the asset is primed for attracting new money into the space, with individuals like Antoni Trenchev, the cofounder of Nexo, stating the newfound prices would lead to new media narratives and, in turn, more retail participants. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins Featured videoIs Bitcoin the orange pill? Max Keiser and Stacy Herbert discuss what everyone gets wrong about BTC
The Bitcoin boom in 2020 is undoubtedly one for the history books. The year is turning out to be one where the pioneer cryptocurrency has shed off its underground image and has found its way to the portfolios of legendary investors, software companies, and even sovereign funds. More news ⏬Bitcoin finally hits a new all-time high: here are what top analysts are sayingThe Bitcoin price (BTC) finally surpassed $22,000 shortly after breaching its all-time high at $20,000. While Bitcoin topped when the CME released BTC futures, Ethereum futures are bullishBitcoin and Ethereum are exploding higher once again. DeFi founder’s hacker asks for $3 million in Ethereum after stealing $8m in NXMOne of the biggest news of this week by far is that of the founder of decentralized mutual platform Nexus Mutual, Hugh Karp, getting hacked for $8m in NXM. Crypto exchanges need to go all-in on security or risk becoming irrelevantThe security aspect of cryptocurrency exchanges remains an ongoing concern. Cardano parent IOHK partners with Nervos to improve smart contract securityIOHK, the company behind Cardano, has entered into a partnership with Nervos, a multi-asset blockchain network based in China. Why Bitcoin escaping $18.5k to $19.5k “no trading zone” is highly optimisticThe Bitcoin price (BTC) has achieved $20,800 across major exchanges despite whales in Asia selling aggressively. SushiSwap co-founder hints at ambitions to launch on other chains like PolkadotThis has been said many times before but it’s worth saying again, right now, DeFi has largely been relegated to Ethereum. Another “rug pull” takes place, taking a $1.5m market cap Ethereum coin to $15,000It appears that another DeFi “rug pull” has taken place as investors continue to throw money at an array of Ethereum small caps, even if they don’t have fully-developed products or long-standing teams. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: 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.
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