The coronavirus vaccination program in the United States of America and around the world is also a boost to the growth of the global stock market.
In the last 24 hours, Ethereum has seen its trading volume increase by 40% which translates to $56,017,441,224.
Tesla has joined the league of companies with Bitcoin as treasury reserve, becoming the first S&P 500 company to purchase digital assets.
Tesla’s Bitcoin purchase has provided Bitcoin the much-needed catalyst to break past all resistance and hit a new all-time high at $47,500. With over a 22% rally in the last 24-hours, BTC overtakes Tesla’s valuations.
The Bitwise Crypto Innovators ETF will track crypto companies dealing with digital currency products and services. It won’t have any direct investment in digital currencies or through any derivatives.
Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.
Using the services of Bitcoin storage, in a few years, you can expect a significant increase in your investment.
Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.
The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months.
Most analysts predict that Bitcoin and Ethereum, Grayscale’s largest trusts, could reach $100K per BTC and $10K per ETH.
The new VC crypto fund managed by Glenn Hutchins has already raised $72 million with investments coming from popular personalities of diverse industries. So far, the fund has already invested in seven startups within the space.
A recent survey showed that 74% of UK Bitcoin investors plan to invest more in BTC in 2021.
As the crypto space records growth, Ethereum (ETH) has soared to a new all-time high as well.
On Thursday morning, February 4th, BTC keeps growing, generally trading at $37,783.
Revealing plans for 2021, PayPal said its “Buy, Hold, and Sell cryptocurrencies” initiative would be expanded to “Venmo and select international markets.”