On Sunday, the slowest trading day of the week, Ethereum, one of the leading crypto currencies, broke the $ 700 band. The fact that Ethereum miners' balances reached the lowest level in the last 2 years and the amount of ETH open to trade in exchanges decreased to the lowest level in the last 1.5 years, eliminating the possibility of voluminous sales for ETH, increasing the confidence in the product.
$ 100 Million Bitcoin Investment from Nasdaq Traded Company
Greenpro Capital, traded on Nasdaq, said in a statement that they think that leading cryptocurrencies such as Bitcoin and Ethereum will provide better returns. Stating as "Bitcoin is a store of value", the company announced that it will invest $ 100 million in Bitcoin in 2021. Company shares increased by more than 100% after the announcement.
XRP 3 More Unlisted From The Stock Market
After the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its two executives and claimed that XRP was a security, XRP, Coinbase, OKcoin, Bitstamp were also excluded from the list and all transactions were suspended.
The First Local Company to Add Bitcoin to its Reserves Appears
Turkey's largest investment companies of which one is a tributary of the Main Principles Ventures Holding, became the first domestic company that Bitcoin investment. The company announced in a statement that they bought Bitcoin at $ 6,500. Announcing that 80% of the company portfolios were positively affected during the Kovid period, the company gave the message "More investment in technology"
The Value of Bitcoin Owned by Big Companies Has Been $ 30 Billion
Companies investing in Bitcoin from all over the world hold a total of 1.15 million Bitcoins in their treasury. When the published figures are examined, the amount of Bitcoin in the treasures of 29 companies corresponds to 5.48% of the current Bitcoin supply. The company with the largest Bitcoin reserves, MicroStrategy, alone holds $ 1.8 billion worth of Bitcoin.
Bitcoin Futures Soaring Fast
There has been a significant increase in demand in the Bitcoin derivatives markets in recent months. As Bitcoin spot prices saw peaks, volumes in Bitcoin options markets also increased significantly. Additionally, researchers reported that some futures were traded at $ 30,000 in June 2021.
Chinese Miners Face Difficulties With Bitcoin Production
Regional reports from China have shown that there are problems in Bitcoin production due to the country's mining equipment and component shortages, as well as problems with power outages. The difficult conditions that the country where the world's largest mining facilities are trying to deal with can be another reason that will trigger the Bitcoin shortage.
Bitcoin's Market Value Surpasses Visa
With Bitcoin prices breaking a record, BTC market cap exceeded $ 500 billion. It became the 11th largest asset, beating a payment giant like Visa. The top 10 include the world's largest assets such as Apple, Amazon, and Tesla.
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