Users expect exchanges to find a balance between trading experience and security. An average trader requires a secure, fast, compliant, and flexible trading terminal.
The push by Tesla has driven the market capitalization of Bitcoin to $851 billion with about a 63% dominance rate in the market.
The current price of $98 is a bit surprising as analysts used the MVRV method to predict a possible reversal at $76.
Bitcoin surge is Tesla-fueled according to some analysts as the price of the digital coin started to rise just minutes after Tesla broke the news.
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.