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The price of Bitcoin is showing strong momentum as it recovers above $33,000 following a relatively large correction on January 12.
Grayscale purchased half a billion dollars worth of Bitcoin in the last 24 hours, according to Qiao Wang, an investor at DeFi Alliance.
The daily transaction volume of Ethereum is going “parabolic,” according to researchers.
The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours.
Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin.
If the recipient of a United States stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495.
The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500.
More analysts are beginning to believe that Ethereum could achieve $10,000 to $20,000 in the long-term.
On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated.
The demand for Bitcoin is increasing as the rising volatility shows.
The price of Bitcoin abruptly fell by over 5% in just three hours on January 10.
Mohamed A El-Erian, the chief economist at Allianz, said the Bitcoin price surging to a new all-time high at $38,000 could fuel an “interesting conversation.” El-Erian’s comment comes after the United States Capitol in Washington, D.C.
ShapeShift, one of the oldest cryptocurrency trading platforms in the crypto market, is pivoting.
The Bitcoin price surged above $35,000 overnight, recording a 10% increase within 12 hours.
Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the year 3000, which is 979 years from now.
The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000.
The market capitalization of all crypto assets in the global market combined have reached an all-time high above $883 billion.
The price of Bitcoin has surpassed $32,300 on Coinbase, reaching a new all-time high after blasting past $32,000.