Following a few consecutive days in which BTC price came just inches away from breaking its ATH of $58,400, the cryptocurrency finally did it yesterday and went on a wild spike to record a new current top at $61,800. The altcoin space also followed the bullish price trajectory and the market cap added $150 billion for a new record of its own at $1.850 trillion.Bitcoin Exploded Above $60K: Broke The Feb-21 ATHAs CryptoPotato previously reported, bitcoin came close to the previous all-time high...
Read More »Not Just MicroStrategy: The Story of a Small Pizza Business that Bought Bitcoin Worth $200K
Numerous large corporations and institutions entered the bitcoin space in the last year or so with substantial purchases worth billions of dollars in total. Keeping in mind that some of those names were giants like Tesla, MicroStrategy, Ruffer Investment, and MassMutual, it’s quite normal that they all made the news more than once.But what about the so-called little guy? Being considered as a highly-volatile and risky asset with a little over a decade-long history, BTC doesn’t sound like the...
Read More »Bitcoin Price Just Broke $58,500 Setting New All-Time High
Less than a month after painting its previous all-time high on February 21st, Bitcoin has done it again. The cryptocurrency just surged past it and charted fresh highs. As of writing these lines, Bitcoin is trading above $59,000 according to Bitstamp.The last month was quite the roller coaster in the cryptocurrency market, and it had many people question if the bull-run had come to its end.Apparently, that’s not the case, as BTC price has been on an absolutely epic streak over the past week,...
Read More »Bitcoin Starting Weekend $1000 Away From ATH: Chiliz Now Top 20 After 650% In 7 Days (Market Watch)
Another highly volatile trading day for bitcoin as the asset briefly dipped to $55,000 and a few hours later came about 2% away from the ATH at $58,400. Most larger-cap altcoins also went through the turbulence but have calmed on a 24-hour scale, with Ethereum failing to reconquer $1,800.Update: shortly after we released this market recap, Bitcoin broke its ATH from February 21, surpassing $58,500.Bitcoin’s 24H Ups and DownsAs reported yesterday, bitcoin was on a roll as it came just 0.43%...
Read More »One Year Since the 50% Daily Bitcoin Dump: What Has Changed?
On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets.Nevertheless, it’s safe to say that the cryptocurrency market has come a long way since then. In fact, this was the absolute bottom in the cycle, and it has been up only ever since. Now, 365 days later, Bitcoin’s price is trading at...
Read More »One Year Since the Corona Crash: Bitcoin is Now 15x ROI
It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world.While the heavily-regulated stock markets activated circuit breakers to ease the pain, no such options were available for the unregulated crypto market. As such, in a day when the S&P...
Read More »Bitcoin Price Came Inches Away From the ATH Above $58K (Market Watch)
Bitcoin came even closer to reaching a new all-time high a few hours ago but failed, and the subsequent rejection drove the asset below $57,000. Most alternative coins have remained relatively calm on a 24-hour scale despite some severe volatility experienced in the past few days.Bitcoin Came 0.43% Away from a Fresh ATHIt seems that last week’s price drops in which bitcoin dipped to $43,000 are long gone for the cryptocurrency. This week the asset has been on an impressive run that overcame...
Read More »Record-Breaking: Beeple’s First 5000 Days NFT Sold for $69 Million
Beeple, an artist who made quite a few headlines as of late around the NFT hype, managed to get his ‘The First 5000 Days’ NFT sold for a whopping $69,346,250 at an auction on Christie’s.Just a few hours ago, CryptoPotato reported that someone had bought a CryptoPunk NFT for $8 million.Now, as the auction on “The First 5000 Days” – a digital art piece by the popular Beeple, closed for a whopping, record-breaking $69,346,250.That’s more than anything that anyone has ever paid when it comes to...
Read More »Ethereum Could Scale 100x in a Few Months, Says Vitalik Buterin
Ethereum’s scaling issues have been a hot topic for discussion for quite some time now. With the explosion of the DeFi space last summer, many investors found themselves shocked at how expensive it had become to use the network, making mundane and small transactions less than viable.The author of Ethereum’s whitepaper and one of its co-founders, Vitalik Buterin, addressed the issues recently on the Tim Ferris podcast.100X Scalability in the Next Few MonthsSpeaking to Naval Ravikant on the Tim...
Read More »Market Watch: Bitcoin Price Came Just 4% From a New All-Time High
Bitcoin has managed to hit a high at nearly $56,000 today but has since retraced a bit and it now hovers above $54,000. However, BTC’s dominance suffers as some altcoins, including Binance Coin, have surged in the past 24 hours, and the metric is just slightly above 60%.Bitcoin’s Stays Above $54KEver since the primary cryptocurrency dipped to $47,000 on March 6th, the bulls took control and pushed the asset north. In the following days, BTC firstly reclaimed the coveted $50,000 before heading...
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