Bitcoin rises Saturday morning as it flanks to permanently climb more than $ 60,000 only to fall below again. Bitcoin has risen more than 22% in the past week and 8% in the last 24 hours. Can Bitcoin continue to increase in value from $ 60,000 to $ 100,000 in the future?
JPMorgan (JPM) – Get report is the latest institutional bank to unveil an investment product with indirect exposure to Bitcoin and other cryptocurrencies.
Gray scale (GBTC) – Get report has halted new subscriptions to its thriving crypto-investment products in the past week after a popular arbitrage trade done by hedge funds and other wealth managers unraveled.
Another growing cryptocurrency-related market that came into popularity in the past month was NFTs or non-fungible tokens, which started with the NBA Top Shot NFT. An NFT is a unique digital file stored in a blockchain. Some examples we have seen so far are sports tickets, artwork and photos.
Popularity is on the rise as opponents question valuations, but Christie’s auctioned an NFT from crypto artist ‘Beeple’ last week for $ 69.3 million.
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Here is a list of the best cryptocurrencies you can see and their performance over the past week with the percentage change around 08:30 on Saturday 13 March.
Bitcoin BTC | $ 59,745.56
Norwegian billionaire Kjell Inge Rokke has announced that he is investing $ 58 million in Bitcoin through his Norwegian industrial holding company.
Ethereum ETH | $ 1,874.96
The latest development of how Ethereum handles its transaction fees is available in July. This will permanently remove Ethereum coins from circulation, which will potentially increase the overall valuation of the asset.
Litecoin LTC | $ 223.34
Litecoin shot up more than $ 200 in the past week as the price of Bitcoin continued to rise.
Bitcoin Cash BCH | $ 560.99
According to CoinDesk, it has been announced that 21Shares Ethereum and Bitcoin Cash will list ETPs on the Xetra market of Deutsche Boerse.
Binance Coin | $ 276.16
Binance is being investigated to allow Americans to trade in derivatives experienced by CFTC investigations.
Filecoin | $ 47.43
Filecoin has reached a global capacity of 2.5 billion gigabytes in the past month as it continues to grow its storage capacity.
All cryptocurrency prices are referred to and are taken from Coinbase.