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Despite the gains and the continuous surge in the price of Bitcoin, many critics anticipate a potential burst of this “bubble”.
Elon Musk is the world’s richest person with $190 billion in wealth that is fueled by the constant increase in Tesla stock price.
As more clarity emerges about the Democrats taking control of both chambers, Wall Street focuses more on the arrival of the next fiscal stimulus ahead as Biden takes the chair on January 20.
While being projected to grow further, the much-celebrated Bitcoin price at $40,000 may be the coin’s long-term support level on its way to new peaks in the future.
Having hit a new all-time high of $38,280, Bitcoin is now trading at around $37,950 showing a growth of more than 8% in the past 24 hours.
Bitcoin price new ATH has coincided with an announcement from the US federal regulator, Office of the Comptroller of the Currency (OCC), that indicated that banks can use stablecoins and public blockchains to conduct payments and other activities.
DLC Fund-authorized participant Genesis Global Trading announced that all XRP transactions would be suspended on January 15, 2021.
The US market remained choppy on the first trading day of 2021 as the rising COVID-19 and the Georgia state Senate runoff elections have kept Wall Street on the edge.
While the growth of economies is tied to these vaccines’ timely distributions, the markets will attempt to trail and break new territories with this headstart into the year.
Bitcoin enters sharp correction after gaining more than 70% in a month’s time. The social media interest in Bitcoin has reached a new all-time high.
Ethereum starts the year with a bang skyrocketing over 40% on Sunday, January 3 while making a strong move towards its all-time high. Institutional buying in ETH has also picked up considerably in a few years.
Bitcoin has surpassed $34,000, setting a new record high as FOMO from institutional investors at Coinbase propels the crypto.
Thanks to the outstanding sale of the Tesla Model 3 cars and a greater demand for electric vehicles, the company had an economic relief and a price increase in its shares.
While all companies across all sectors can not boast of milestone achievements this year, the few highlights of top news is an indication that the year was not doomed after all and market analysts are projecting a better recovery and growth in the coming year 2021.
Bitcoin (BTC) continues with its aggressive rally as the world’s largest cryptocurrency eyes for $30,000 before bidding the final adieu to 2020. It has been a phenomenal year for BTC investors as the world’s largest has emerged a potential outperformed to Gold.