Crypto companies reported an increase in retail activity when the US stimulus hit bank accounts, according to crypto news agency TheBlock.
Coinbase is preparing for its direct listing, which is scheduled for April 14th.
On April 1, Morgan Stanley added Bitcoin trading to 12 of its existing institutional funds, using cash-settled futures and investments with the Grayscale Bitcoin Trust.
Morgan Stanley, in a filing with the United States Securities and Exchange Commission, said that “bitcoin and bitcoin futures generally exhibited significant price volatility relative to traditional asset classes”.
Separately, Bitcoin’s mining difficulty hit a record high this week, dampening prospects for record-breaking revenues for miners.
The increased difficulty occurred because the hash rate or the computing power of the blockchain could not keep up with the rise in Bitcoin’s price due to the global shortage of chips
On March 31, the president of the European Central Bank (ECB), Christine Lagarde, said in an interview with Bloomberg that the organization could be planning to launch a digital currency for the central bank within four years.
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Here is a list of some of the top cryptocurrencies to watch and their performance last week by the percentage change around 9am ET on Sunday, April 4th.
Bitcoin BTC | $ 57,850.48
BlackRock started trading Bitcoin futures, according to documents submitted to the US Securities Exchange Commission published on March 31.
Ethereum ETH | $ 2,070.99
The price of Ethereum reached a new record of more than $ 2,060 on Friday, according to data from TradingView. ETH first breached $ 2,000 in late February. The previous record was $ 2,041, set on February 20.
Dogecoin DOGE | $ 0.056
Tesla (TSLA) – Get report CEO Elon Musk tweeted on Thursday that his aerospace maker and space transport services company SpaceX will place a Dogecoin on the moon. Since Musk tweeted April Fool’s Day, it was unclear whether the tweet was a joke or not.
Binance Coin BNB | $ 343.70
Binance Coin has been rising for the past week, gaining more than 27% last week as it appears to keep its price above $ 300.
Cardano ADA | $ 1.18
Cardano had one of the highest percentage returns in the first quarter, but rose just 0.51% last week
Polkadot DOT | $ 44.24
Polkadot’s currency rose more than 35% last week. Polkadot is helping to create a decentralized web created by the Web3 Foundation.
All cryptocurrency price performances are referenced and extracted from Coinbase.