The initial announcement that Amazon would start accepting Bitcoin payments caused a spike in the coin’s price.
Bitcoin price has been consolidating since mid-May, where a lot of events making an impact on BTC happened.
Crypto exchange Coinbase believes that the US SEC is slowly warming up to Bitcoin derivative products as the market continues to expand with higher institutional participation.
The total amount of cryptocurrency ATMs installed worldwide crosses a striking 24000 mark, with the US topping the list as a country hosting the maximum number of cryptocurrency ATMs globally.
A Bitcoin squeeze has seen the crypto asset jump over 13% to $40,000, caused by factors such as Amazon’s interest and support from big names.
The new announcement made by the Robinhood CEO provided no specifics on the crypto wallet launch.
Notably, Bitcoin is the first currency Amazon is considering. However, in the future, it will expand its possibilities with other digital assets.
ProvXchange, a payments platform by BankProv, will allow its two clients to pay each other instantly. The company is known for its state-of-the-art APIs (application programming interfaces) for all customers.
On the technical charts, Ethereum (ETH) has managed to break past the upper trendline of the Falling Wedge pattern. This sets a bull case scenario for a bounce up to $2,500.
JPMorgan wealth management advisors will be able to buy and sell these funds on clients’ demands. However, they cannot propose or recommend any crypto investment.
Global X Bitcoin Trust ETF will reflect the performance of the price of Bitcoin minus the accrued expense of the trust.
Elon Musk believes that nearly 50% of the Bitcoin mining industry has shifted to the use of renewables. This is a likely reason for the company to start accepting BTC payments from Tesla customers.
The revelations made by Elon Musk as well as other stakeholders present at the B-Word conference have stirred a positive reaction in the broader cryptocurrency market.
Elon Musk’s comments led to a spike in the price of cryptocurrencies especially post the one where he revealed he had plans of keeping the currencies for the long term.
Zagotta said that he will be working towards more listing on Bitstamp to satisfy more crypto customers.