Bitcoin Price Soars To $28,000, Here’s Why

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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Crypto Analyst’s Bullish Prediction Puts XRP Price At $250, Here’s When

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Weekly Altcoin News Update: BitSharesX Price Soars, XCurrency's Plan to Decentralize the Internet, and More

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....

Paypal’s Stock Soars to All Time High as Demand for BTC on the Platform Now M...

E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14. Since November 12, when the payments giant opened the way for its US customers to start trading cryptocurrency, the stock has soared 17%. Paypal’s Turnaround The stock’s record-breaking performance comes after Paypal recently reported a drop in its third-quarter earnings in October. While that performance subsequently forced Paypal not to provide preliminary guidance for 2021, there is, however, a belief that the cryptocurrency trade service will result in a turnaround....