Bitcoin surges Saturday morning as it flirts with permanent climbs above $ 60,000 only to fall back below. Bitcoin is up more than 22% in the past week and 8% in the past 24 hours. Could Bitcoin continue to increase in value from $ 60,000 to $ 100,000 in the future?
JPMorgan JPM) – Request report is the latest institutional bank to unveil an investment product with indirect exposure to Bitcoin and other cryptocurrencies.
Grayscale GBTC) – Request report discontinued new subscriptions to its booming crypto investment products last week after unraveling a popular arbitrage trade involving hedge funds and other asset managers.
Another thriving cryptocurrency-related market that has been growing in popularity in the past month was NFTs or non-replaceable tokens, which started with the NBA Top Shot NFT. An NFT is a unique digital file stored on a blockchain and some of the examples we’ve seen so far include sports maps, illustrations and photos.
Its popularity is rising as opponents question valuations, but Christie’s auctioned off an NFT of crypto artist “Beeple” for $ 69.3 million last week.
Follow the Crypto channel on TheStreet for more in-depth cryptocurrency coverage, including investment recommendations and strategies.
Here’s a list of some of the best cryptocurrencies to watch and their performance over the past week through 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 company.
Ethereum ETH | $ 1,874.96
The latest development in how Ethereum handles transaction costs is in the books for July. This would permanently remove Ethereum coins from circulation, potentially increasing the asset’s overall valuation.
Litecoin LTC | $ 223.34
Litecoin shot more than USD 200 in the past week as Bitcoin’s price continued to climb.
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 because it allows Americans to conduct prohibited derivatives transactions that will undergo a CFTC investigation.
Filecoin | $ 47.43
Filecoin reached a global capacity of 2.5 billion gigabytes in the past month as it continues to expand its storage capacity.
All cryptocurrency price performance is referenced and taken from Coinbase.