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“# Binance Coin becomes the third-largest crypto following parabolic rally ” Binance Coin (BNB), a cryptocurrency issued by the world’s largest crypto exchange Binance, has hit a major historical milestone, becoming the third-largest coin by market capitalization for the first time in history. At the time of writing, BNB’s market cap stands at $38 billion,…
“# Ethereum joins the $200 billion club — But is it worthy? ” Ether (ETH) is up 150% in 2021, causing its market capitalization to soar above $200 billion. Most traders are fixated on the unitary price, even though it is entirely arbitrary, therefore missing relevant milestones and comparables. Ether and Bitcoin YTD performance. Source:…
“# Bitcoin market cap briefly tops $900 billion ” Bitcoin is closing in on a trillion dollar market cap, with the total value of all Bitcoin crossing $900B for the first time today as the price hit new record highs. Bitstamp, one of the oldest Bitcoin exchanges still in operation, recorded a peak price of…
“# Cryptocurrency market cap hits $1.4T and surpasses Google stock ” Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total…
“# Bitcoin flippens Russian ruble after Tesla purchase ” After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble. According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the…
“# Bitcoin goes into ludicrous mode as it briefly flippens Tesla ” Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset’s market cap briefly exceeded that of the car manufacturer itself. For a short time today, Bitcoin…
“# Blockfi exec explains institutional outlook on altcoins ” Could institutional investors begin expanding into altcoin purchases? Blockfi’s vice-president for Europe and Asia, David Olsson, mentioned liquidity as a component of consideration. Some digital assets on the market, including newer ones, may see high volumes at times. “The question is, how long can that be…
“# More institutions will warm up to crypto once market cap hits $2T: eToro ” A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market participants, the report states the crypto market could…
“# More than 80% of LINK is controlled by 125 wallets ” According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in the top 1% of Chainlink wallets. Glassnode’s research found that 81% of…
“# Bitcoin has actually only taken 2% of gold market cap, new data suggests ” Bitcoin (BTC) has much further to go to suck away even 10% of gold’s market cap than old data claims, a popular indicator reveals. Highlighting numbers from Bitcoin’s realized cap on Jan. 12, Ki Young Ju, CEO of on-chain analytics…