Bitcoin rises Saturday morning as it flirts with a permanent rise of more than $ 60,000 to fall again. Bitcoin has risen more than 22% last week and 8% in the last 24 hours. Could Bitcoin continue to increase its value from $ 60,000 to $ 100,000 in the future?
JPMorgan (JPM) – Get the report is the latest institutional bank to introduce an investment product with indirect exposures to Bitcoin and other cryptocurrencies.
Grayscale (GBTC) – Get the report this past week it halted new subscriptions to its high-end cryptocurrency investment products, after a popular arbitrage trade in which hedge funds and other wealth managers operated were unleashed.
Another booming cryptocurrency-related market that emerged in popularity last month was NFTs or non-fungible tokens, which began with the NFT Top Shot NFT. An NFT is a unique digital file stored in a blockchain and some of the examples we have seen so far are sports cards, artwork and photographs.
Popularity rises as detractors question ratings, but Christie’s auctioned off an NFT from crypto artist “Beeple” for $ 69.3 million this past week
For deeper cryptocurrency coverage, including recommendations and investment strategies, follow the Crypto channel on TheStreet.
Here’s a list of some of the major cryptocurrencies to watch and their performance over the past week by the percentage change around 8:30 a.m. on Saturday, March 13th.
Bitcoin BTC | $ 59,745.56
Norwegian billionaire Kjell Inge Rokke announced that he would invest $ 58 million in Bitcoin through his Norwegian industrial holding company.
Ethereum ETH | $ 1,874.96
The latest development in the way Ethereum manages its transaction fees is in the July book. This would permanently remove Ethereum coins from circulation, potentially increasing the overall valuation of the asset.
Litecoin LTC | $ 223.34
Litecoin shot up more than $ 200 this past week as the price of Bitcoin continued to rise.
Bitcoin Cash BCH | $ 560.99
According to CoinDesk, it was announced that 21Shares will list Ethereum and Bitcoin Cash ETPs in Deutsche Boerse’s Xetra market.
Binance Coin | $ 276.16
Binance is under investigation to allow Americans to conduct prohibited derivatives transactions that will face an investigation by the CFTC.
Filecoin | $ 47.43
Filecoin reached a global capacity of 2.5 billion gigabytes this past month as it continues to increase its storage capacity.
All cryptocurrency price actions are referenced and extracted from Coinbase.