Bitcoin Price Soars To $28,000, Here’s Why
The world’s leading cryptocurrency, Bitcoin (BTC), has seen a significant surge in its price today, reaching $28,004. While several factors have contributed to this jump, here are the primary reasons: #1 SEC’s Non-appeal On Grayscale Spot Bitcoin ETF Late on Friday night, the market became aware of the US Securities and Exchange Commission’s decision not to appeal the verdict which favored Grayscale’s conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF. This decision wasn’t perhaps fully priced in on Friday, as Bitcoin’s price rose by a mere 1.2%....
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Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....
Cash App, a mobile payment service of Square Inc., generated more than $1.63 billion in bitcoin revenue in Q3 2020, which is an increase of more than 1,000% over the same period last year. The company recently invested 1% of its total assets, or $50 million, into bitcoin. Cash App’s Bitcoin Revenue Soars Square Inc. released its Q3 2020 earnings report on Thursday. The NYSE-listed (NYSE: SQ) company with a market capitalization of $86 billion provides software and hardware payments products and small business services. Its CEO Jack Dorsey also co-founded Twitter. Square’s....
Litecoin soars amid the hype surrounding Canary Capital’s upcoming launch of a $LTC exchange-traded fund (ETF). The US Securities Exchange Commission (SEC) is also reviewing Coinshare’s proposal for a Litecoin ETF on Nasdaq, further boosting the coin to greater heights. $LTC is shining green across all charts as a consequence. The coin’s market cap, currently […]
The XRP price has been characterized by bullish predictions throughout this month. Crypto analysts have put forward countless analyses about why the altcoin is poised for a massive rally. Another analyst has joined the ranks of the bullish, putting the XRP price as high as $250. Here’s When The XRP Price Will Get To $250 […]
Welcome to the CCN Weekly altcoin news update, where we profile altcoin news stories that have flown under-the-radar. This week's issue profiles the incredible rise of the BitSharesX price, XCurrency's new plan to decentralize the internet, and the end of the initial phase of the Storj crowdsale. BitSharesX Price Soars. Vaults to #3 in Market Cap. The BitSharesX price has gone on an absolute tear over the past week. After hovering between 1,500 and 2,000 satoshis (~$.01 USD) since its release on July 21, the BitSharesX price has increased by 151.6% over the past week. The BitSharesX price....