The crypto market is getting used to breaking record after record, and the question is, will we be letting our guard down very soon? Today we bring you the TOP news of the week, what happened?
From CryptoTrend we know how difficult it is to keep up with such a large flow of information. Especially when the major cryptos like Bitcoin or Ethereum can’t get enough of breaking records.
One day Bitcoin is trading below $ 50K, and the next, it is nearing $ 60K
Yes gentlemen, last Sunday the price of Bitcoin was below $ 50,000. To be more precise, the price of the crypto was $ 48,300.
Today, Sunday, February 21, the price of BTC is USD 57,350, after a growth of 16.52% during the last 24 hours according to CoinMarketCap.
Thus, for the past week the crypto market practically saw Bitcoin break the all-time high daily.
In fact, it was on February 17 when the crypto broke the barrier of USD 50,000 for the first time and, just at that moment, we reported from CryptoTrend that an indicator pointed that the crypto would go for more.
Specifically, the Coinbase Premium Index pointed to BTC looking confident in breaking through the barrier and could therefore continue to rise.
And, since then, the leading crypto has not stopped breaking record after record up to the current level and with it, its market capitalization exceeded one trillion dollars.
The Motley Fool bets on the leading crypto
Not only is the crypto market getting used to breaking price records, it is also getting used to welcoming institutional investors.
During this week great figures and institutions gave their opinion on the leading crypto. First of all we have The Motley Fool, the website known for advising investors mentioned Bitcoin as a profitable investment.
However, it did not end there as it also announced to have invested $ 5 million in the leading crypto. Evidently the news became one of the catalysts for crypto.
Bill Gates takes a neutral position on crypto
The founder of Microsoft assured that he has adopted a neutral opinion regarding the crypto leader.
It is worth mentioning that, in 2018, his opinion regarding Bitcoin leaned more towards the pessimistic side since he claimed that “as an asset class, it does not produce anything.”
However, this week during an interview with CNBC, he assured not to own the crypto but to have a neutral position on it.
Ethereum breaks another crypto record
No, Bitcoin wasn’t the only crypto to break all-time records this week. Ethereum (ETH) broke the $ 2,000 crypto barrier after growing over 7% over the past week.
However, at the moment the crypto failed to hold on to the key level since, during the last 24 hours, it fell by almost 3% to position itself slightly below $ 2,000.
BNB breaks record in market capitalization
Likewise, BNB, Binance’s crypto, reached a market capitalization of USD 19 billion within 3 and a half years of the birth of the crypto exchange.
In fact, crypto has risen 125% over the last week with a current price of $ 284. It also took third place according to market capitalization.
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