Bitcoin is running again. Yesterday the bloom cryptocurrency reaches a new record of $ 57,000, a rally that has not slowed down today Bitcoin price has a tremendous price tag of $ 57,500. It has risen 3.83% in the last 24 hours, with a seven-day increase of 17.37%.
Bitcoin’s versatile competitors, Ethereum, also hit a new ATH yesterday when it crossed $ 2,000. It has since fallen to $ 1,969, down 2% over the past 24 hours. Yet it did not sour the general upward trajectory; the currency has risen by almost 7% in the past week.
Who is talking about Bitcoin?
The biggest news that came out of Bitcoin this week was that institutional interest is still increasing after Bitcoin finally secured a market capitalization of $ 1 trillion. Rick Rieder, chief investment officer of the world’s largest asset management company, BlackRock, responsible for a pot of $ 8.67 trillion in assets, announced that the company now ‘start ploddingIn Bitcoin.
BlackRock is also not the first high-profile asset management company to jump on board. Guggenheim Partners, a nearly $ 300 billion asset management company, recently invested part of it private funds in Bitcoin, according to his CIO Scott Minerd. Between January and February is Minerd’s Bitcoin price projection jumped from $ 400 000 on $ 600,000, increased by 50% within two weeks.
Crypto evangelist and MicroStrategy CEO Michael Saylor also announced a debt sale of $ 1.05 billion in debentures to finance further investment in Bitcoin. This will add even more value to MicroStrategy’s 70,000 Bitcoins, which are currently valued at $ 3.7 billion.
What happens to the altcoins?
Binance s’n sign BNB jumped over the top ten stalwarts Polkadot, Cardano and Tie yesterday to become the third largest coin by market capitalization. Today, it is priced at $ 282.49 which is 4.49% lower, although it is still firmly in its new seat with a seven-day gain of 119%.
Polkadot’s DOT is now worth $ 39.76, up 4.48% on the last day. Cardano’s ADA rose 8%, currently valued at $ 1.14. And Uniswap’s UNI is almost 20% higher at a price of $ 31.25.
After evoking an amusing Twitter reporter last week between KISS bassist Gene Simmons, rapper Snoop Dogg and Elon Musk, Dogecoin thank you today at a price of $ 0.05479. It has fallen by more than 5% in the last 24 hours. Lots of drops. Many eyes!
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.