Bitcoin is rising on Saturday morning, while flirting with the permanent rise of over $ 60,000, only to fall back. Bitcoin has risen by over 22% in the last week and by 8% in the last 24 hours. Could Bitcoin continue to grow in value from $ 60,000 to $ 100,000 in the future?
JP Morgan (JPM) – Get the report is the latest institutional bank to unveil an investment product with indirect exposures to Bitcoin and other cryptocurrencies.
Grayscale scale (GBTC) – Get the report stopped new subscriptions to its booming cryptocurrency investment products last week after a popular arbitrage deal broke out in which hedge funds and other wealth managers were involved.
Another booming cryptocurrency market that emerged in popularity last month was NFTs or non-fungible chips, which started with NFT Top Shot NFT. An NFT is a unique digital file stored on a blockchain and some of the examples we have seen so far are sports books, artwork and photos.
Popularity is growing as detractors question the ratings, but Christie’s has auctioned off an NFT from crypto artist “Beeple” for $ 69.3 million in the past week.
For more in-depth coverage of cryptocurrencies, 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 in the last week, depending on the percentage change around 8:30 on Saturday, March 13th.
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 company.
Ethereum ETH | $ 1,874.96
The latest evolution in the way Ethereum manages its trading fees is in the books for July. This would permanently eliminate the circulation of Ethereum coins, potentially increasing the overall valuation of the asset.
Litecoin LTC | $ 223.34
Litecoin registered over $ 200 last week as the price of Bitcoin continued to rise.
Bitcoin Cash BCH | $ 560.99
It has been announced that 21Shares will list the 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 trade banned derivatives that will face a CFTC investigation.
Filecoin | 47.43 USD
Filecoin has reached a global capacity of 2.5 billion gigabytes in the last month, as it continues to increase its storage capacity.
All cryptocurrency price performances are mentioned and extracted from Coinbase.