- Crypto and Blockchain roundup summary for the week.
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Bitcoin hits above $60,000 for the first time. A new ATH (all-time high) for the earliest and most valuable crypto.
Round-up from TheStreet
JPMorgan – Get Report is the latest institutional bank to unveil an investment product with indirect exposures to Bitcoin and other cryptocurrencies.
Grayscale – Get Report halted new subscriptions to its booming crypto investment products this past week after a popular arbitrage trade that hedge funds and other wealth managers engaged in has unraveled.
Another booming cryptocurrency-related market that emerged in popularity this past month was NFTs or non-fungible tokens, which started with the NBA Top Shot NFT. An NFT is a unique digital file stored on a blockchain and some of the examples we’ve seen so far are sporting cards, artwork and photographs.
Popularity is surging while detractors question valuations but Christie’s auctioned off an NFT from crypto-artist “Beeple” for $69.3 million this past week.
Here is a list of some of the top cryptocurrencies to watch and their performance from this past week by the percentage change as of 14th March 2021.
Bitcoin (BTC) | $61,160.67
Norwegian billionaire Kjell Inge Rokke announced he’s investing $58 million in Bitcoinvia his Norwegian industrials holding company.
Ethereum (ETH) | $1,904.68
The latest development in how Ethereum handles its transaction fees is on the books for July. This would permanently remove Ethereum coins from circulation, potentially increasing the asset’s overall valuation.
Harmony (ONE) | $0.067
Harmony finally briefly broke into the Top 100 coins in terms of market capitalisation for the first time after gaining more than 50% in an overnight spike. The support level of Harmony ONE has shifted seismically from $0.025 a week ago to $0.05.
Litecoin (LTC) | $223.64
Litecoin shot over $200 this past week as the price of Bitcoin continued to rise higher.
Binance Coin (BNB) | $273.40
Binance is under investigation for allowing Americans to make forbidden derivatives trades that will face a CFTC inquiry.
Hedera Hashgra (HBAR) | $0.3809
HBAR reached a new milestone in pricing with a rapid but steady incline over the recent days. It is currently ranked as the number 41 coin, according to CoinMarketCap.
Enjin Coin (ENJ) | $2.383
What more can we say? Gamers are not to be messed with. This is by far one of the fastest growing coin with a virtually 90 degrees incline in price.
All cryptocurrency price performances are referenced and pulled from Coinbase. Please note this is not financial advise. Cryptocurrency is a high-risk investment and all due diligence should be conducted prior to any commitment. Hegion.com is NOT responsible for the usage of any of this information. Always invest with assets you are willing to lose.