Bitcoin is rising on Saturday morning, as it flirts with the permanent escalation of more than $ 60,000, only to fall again. Bitcoin was up more than 22% in the past week and 8% in the last 24 hours. Could Bitcoin continue to increase its value from $ 60,000 to $ 100,000 in the future?
JP Morgan (JPM) – Get report is the latest institutional bank to reveal an investment product with indirect exposures to Bitcoin and other cryptocurrencies.
Shades of gray (GBTC) – Get report stopped new subscriptions to its expanding crypto investment products last week after a popular arbitration deal that hedge funds and other wealth managers involved disbanded.
Another expanding market related to cryptocurrency that gained popularity last month were NFTs or non-fungible tokens, which started with the NBA Top Shot NFT. An NFT is an exclusive digital file stored on a blockchain and some of the examples we’ve seen so far are sports cards, artwork and photographs.
Popularity is rising as detractors question the ratings, but Christie’s auctioned an NFT by crypto-artist “Beeple” for $ 69.3 million last week
For more detailed cryptocurrency coverage, including recommendations and investment strategies, follow the Crypto channel on TheStreet.
Here is a list of some of the top cryptocurrencies to watch and their performance last week by the percentage change around 8:30 am on Saturday, March 13.
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.
Ethereum ETH | $ 1,874.96
The latest development in how Ethereum handles its transaction fees is scheduled for July. This would permanently remove Ethereum coins from circulation, potentially increasing the overall valuation of the asset.
Litecoin LTC | $ 223.34
Litecoin reached more than $ 200 last week, as Bitcoin’s price continued to rise.
Bitcoin Cash BCH | $ 560.99
It has been announced that 21Shares will list Ethereum and Bitcoin Cash ETPs on Deutsche Boerse’s Xetra market, according to CoinDesk.
Binance Coin | $ 276.16
Binance is being investigated for allowing Americans to do prohibited derivative trades that will face a CFTC investigation.
Filecoin | $ 47.43
Filecoin reached a global capacity of 2.5 billion gigabytes last month, as it continues to increase its storage capacity.
All cryptocurrency price performances are referenced and extracted from Coinbase.