There was yet another all-time high for Bitcoin yesterday, as it came within touching distance of $50,000. Will we see $50,000 this week?
If the good news continues to flow in, it’s more than likely we will. Yesterday, we had Mayor of Miami, Francis Suarez share the progress they’re making towards paying employees in Bitcoin, as well as investing in it as a city. Miami has played a central role in cryptocurrency’s history, with the Ethereum co-founders meeting for the first time in a Miami beach house where they were staying for the North American Bitcoin Conference. Suarez is also a long-time bull, speaking at the IOHK Summit in 2019 and often leaning on the likes of Charles Hoskinson, Anthony Pompliano and the Winklevoss twins for advice. Is he making a convincing case for Miami as a home of sorts for the crypto?
MasterCard plans to follow PayPal with crypto receipts for merchants, Cardano launching Native Tokens
The markets slowed yesterday, with Bitcoin and Ethereum both seeing small retraces after hitting new all-time highs earlier in the week. The rumour mill continues to grind though, with new reports quoting a ‘source familiar matter’ that MasterCard is planning to give merchants the option to receive payments in cryptocurrency later this year. The question is, will it stop people HODLing and get them to start spending their crypto?
It was a similar story across the board yesterday, with minor losses or minor gains for the majority. The story of the moment continues to be Cardano, which is now up more than 100% in the last 10 days alone. The rise follows last week’s upgrade of the platform’s ‘native tokens’ testnet – (read today’s Crypto AM: Conversation with James Bowater) the first step towards allowing full multi-asset support and enabling the u
The markets continue to bathe in the glow of Tesla’s warm embrace, with Bitcoin hitting yet
another (yawn) new all-time yesterday of over $48,000. It’s still not quite $50,000, but it will do for now.
It’s green across the board today, with new all-time highs for Aave and Polkadot yesterday. Cardano also continues its upward streak and is closing in on $1, although has some way to go before it hits its all-time highs from 2018. The fourth-largest cryptocurrency by market cap has now seen a 275% upswing in less than 35 days. Could it become the ‘Ethereum killer’ many have called it?
Crypto at a Glance
It looks like the DeFi circus is back in town and the acrobats are doing backflips and turning heads left, right and centre. AAVE is up more than 15% over the last 24 hours and yesterday set a new all-time high $506. The protocol is now the second-ranked DeFi platform by total value locked (TVL), reportedly driving by an influx of big institutional players (including, rumour has it, billionaire Mark Cuban). Solana has been another big gainer recently, with the blockchain gaining 85% over the last week and breaking into the top 30, while ADA also continues its winning streak and is currently trading at more than $0.50 for the first time since Feb 2018.
With Ether smashing through $1,500, MicroStrategy’s online ‘Bitcoin for Corporations’ event might send BTC stratospheric
There have been so many all-time highs set recently that it’s getting hard to keep up, but seeing Ethereum at over $1,500 will be particularly satisfying for many in the space. Is it now set to follow Bitcoin’s December trajectory and take off into the stratosphere?
It’s good news everywhere today, in fact. Bitcoin has broken out of the range between $30,000 and $35,000. It now needs to comfortably stabilise above the $35k level to see a clear shift in trend, and there are several healthy indicators that suggest it has the momentum in its favour. Michael Saylor of MicroStrategy is also today throwing his get-together to teach public companies how to buy Bitcoin, which is basically the equivalent of Martha Stewart doing a tupperware party. Is institutional investment in Bitcoin set for another shot in the arm? A second dose, if you