For the third consecutive day, Bitcoin is hitting new all-time highs, this time surpassing 37K, while tension and chaos erupt in the Capitol due to discontent with the results of the previous presidential elections. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 The bullish activity in Bitcoin (BTC) continues as the cryptocurrency price hits a new high value. This January 6, the price of BTC reached and surpassed 37K, marking a New high of $37.693 USD per unit, as per sample CoinGeckoBitcoin's market cap is also at new highs, totaling $700 billion at press time.
In the crypto community, users are highlighting that with Bitcoin's bullish rally, 1 BTC is equivalent to a Tesla vehicle. Likewise, as BTC grows in value, the hash rate BTC's hash rate is also hitting new highs. The network's computational power has grown by almost 40% over the past 2 months, cementing BTC as the most robust and powerful network in the world. Bitcoin's hash rate currently sits at 148,06 exahashes per second, data from the blockchain shows. Blockchain.com
📍 Michael saylorCEO microstrategy, one of the companies that debuted as an institutional investor in Bitcoin during the fourth quarter of 2020, points out that US citizens have two options to choose from. The first, to continue with the traditional financial model, where “Some people can produce unlimited new units of money for free, but not you”; or join the Bitcoin financial revolution, where “No one can do that, including you.”
Saylor highlighted the words of Ross L. StevensCEO Stone Ridge Asset Management LLC, in the Letter to Stone Ridge Shareholders 2020This investment management firm also debuted as an institutional Bitcoin investor in 2020.
📍 Other cryptocurrencies on the market are also showing bullish signs, such as Ethereum (ETH) which exceeded $1.200 USD per unit on January 6, and is trading at the time of this edition at $1.222 USD. XRP (Ripple), despite being surrounded by negative news, with the SEC and one of its main investors suing it, and more cryptocurrency exchanges and services suspending it from their platforms, the cryptocurrency has recovered close to 18% of its value, and is currently trading at $0,26 USD per unit.
📍 Likewise, another surprising value in the cryptoeconomy is the total capitalization of cryptocurrencies, which surpassed the barrier of 1 trillion dollars, with a total value of 1.021.361.786.182 $ USD, according to CoinMarketCap. Bitcoin maintains a 68,5% dominance in digital markets.
📍 OSL's parent company, BC Technology Group, announced the signing of an agreement with Morgan Stanley as appointed placement agent to raise approximately $90 million in a supplemental share placement, according to Hugh Madden, CEO of BC Group.
According to the announcement, the company will use the resources to continue expanding the reach and capacity of OSL, its leading institutional digital asset platform, and ensure the provision of cryptocurrency financial services, such as brokerage, custody, exchange and software as a service (SaaS) to institutions and professional investors. BC Group seeks to position itself as a market leader in cryptocurrency and digital asset trading globally.
📍 The football team Liverpool FC has just joined the blockchain collectibles platform Sorare. With this alliance, Sorare now brings together the 5 major champion teams of the European football leagues. On its Twitter account, the collectibles platform celebrated the union of the Liverpool team, stating that sales of this team's first edition collectible cards are now available for auction.
Among the teams that we can find in Sorare we can mention great football champions such as Juventus from Italy, the Paris Saint-Germain from France, the Bayern Munich from Germany and, more recently, the Real Madrid Spain.
📍 Just a few weeks away from ending his presidential term Donald Trump publishes a new one executive order which prohibits the use of digital payment platforms of Chinese origin, such as Alipay, WeChat and 7 other platforms, on US territory. The new presidential mandate is established as a security measure that guarantees American sovereignty, and prevents Chinese companies from collecting data and information from its citizens.
Continue reading: Binance, CME, LMAX, JPMorgan and Three Arrows Capital: Institutional investment in Bitcoin continues
