Bitcoin Sets New High Topping $50K on Major Exchanges but Unable to Hold On
Bitcoin has started the week strong. Bitcoin has set a new high, reaching as high as $50K on some exchanges early Tuesday.
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Bitcoin has started the week strong. Bitcoin has set a new high, reaching as high as $50K on some exchanges early Tuesday.
DeFi Yield protocol is one of the novel DeFi platforms that offer enticing rewards based on solid fundamentals. The protocol has different systems of controlling inflation and ensures that whales cannot control their tokens’ price.
For FNX holders, it is key to note that the circulating supply question has been answered by a community-selected token burn. For liquidity providers, everything will be moving to the SushiSwap platform in order to maximize liquidity in fewer pools.
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The upcoming hard fork in Ethereum 2.0 Beacon Chain will introduce critical updates in terms of introducing light clients as well as introducing the inactivity leakage mechanism to make life easy for stakers.
While Bitcoin tops the $50,000 milestone with strong bullish momentum, altcoins are not far behind. Interestingly, so far in 2021, the altcoin market has outperformed Bitcoin with a staggering 150% surge in the altcoin market cap.
DeFi’s explosive growth has helped UniSwap emerge as one of the most popular DEXs today in the market. The UniSwap exchange processes over $1 billion in daily transactions.
The most expensive NFT sale was made after the successful purchase of virtual plots of land on Axie Infinity valued at $1.5 million.
For now, the new age of digital finance is regarded as more problematic than beneficial. The superiority of blockchain is often underestimated and questioned as world governments see more danger coming into existing banking systems.
Hester Peirce wants more precise cryptocurrency regulations amidst crypto adoption by big companies.
The founder expects that SBI Holdings will take advantage of the cryptocurrency boom to make the area its key earner.
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Nevada governor Steve Sisolak said the proposal would turn Nevada into “the epicenter of this emerging industry and create the high-paying jobs and revenue that go with it.”
The Bitcoin price action on Sunday was most likely supported with fresh buying on Asian exchanges. However, BTC price has partially retraced from its ATH and found good support at $46K.
The recent surge in the price of Bitcoin came after a series of events that show the wider adoption of Bitcoin globally.