Bitcoin is on the rise again. Yesterday, the explosion cryptocurrency reached a new historical record of $ 57k, an increase that did not decrease today as Bitcoin price has a stunning price of $ 57,500. It rose 3.83% in the last 24 hours, limiting a 17-day increase of 17.37%.
The versatile rival of Bitcoin, Ethereum, also reached a new ATH yesterday, when it exceeded $ 2,000. It has since dropped to $ 1,969, down 2% in the past 24 hours. Still, this did not detract from its overall upward trajectory; the currency has risen in price 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 growing after Bitcoin finally secured a $ 1 trillion market capitalization. Rick Rieder, the investment director at the world’s largest asset management company BlackRock, responsible for a $ 8.67 trillion asset pool, announced that the company now “started playing”In Bitcoin.
BlackRock is also not the first high profile asset management company to embark. Guggenheim Partners, a company with nearly $ 300 billion in assets under management, has recently invested some of its private funds in Bitcoin, according to its CIO Scott Minerd. Between January and February, Minerd’s Bitcoin Price the projection jumped $ 400,000 for $ 600,000, up to 50% in fifteen days.
MicroStrategy crypto evangelist and CEO Michael Saylor also announced a debt sale of $ 1.05 billion in debt securities to finance new Bitcoin investments. This would add even more value to MicroStrategy’s 70,000 Bitcoins, currently valued at $ 3.7 billion.
What’s going on with altcoins?
Binance’s symbol BNB jumped over the top ten regular bastions Polka dot, Cardano and Tether yesterday to become the third largest currency in market capitalization. Today, it is priced at $ 282.49, down 4.49%, although still firmly in its new headquarters, with a 119% gain in seven days.
Polkadot’s The DOT is now worth $ 39.76, up 4.48% on the last day. Cardano’s ADA was up 8%, currently valued at $ 1.14. AND Uniswap’s UNI rose nearly 20% at a price of $ 31.25.
After eliciting a fun replica of Twitter last week between Kiss Gene Simmons bassist, rapper Snoop Dogg and Elon Musk, Dogecoin today it whines at a price of $ 0.05479. This represents a drop of more than 5% in the last 24 hours. Too much fall. Very ow!
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.