Ethereum (ETH) marks a new all-time high of $1.459 USD, while Bitcoin (BTC) remains near $34.500 USD at the time of writing. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍 Ethereum (ETH), The second cryptocurrency of the market, reached a new historical maximum this January 25. The price of ETH reached up to $1.459 USD, with a performance that far exceeds that of Bitcoin (BTC) over the past 30 days. While BTC growth over the past month is between 39% and 40%, ETH's performance has just exceeded 125% in this same time.
Source: CoinGecko
ETH investor, Anthony Sassano, noted that there is a great bullish sentiment regarding the value of this cryptocurrency, since it surpassed its historical maximum reached in January 2018 and thanks to the efforts and work of the network developers in recent years.
📍 Several companies are taking advantage of the drop in the price of Bitcoin to increase their holdings in this cryptocurrency. Recently, the bitcoin mining company Marathon Patent Group, listed on Nasdaq as MARA, announced the investment of 150 million dollars in Bitcoin. With this amount, the company acquired a total of 4.812,6 BTC.
According to Marathon's statement, the recent investment allows the company to strengthen its position as one of the only purely Nasdaq-listed investment options accessible to individuals and institutions looking to gain exposure to Bitcoin.
📍 The Tokens associated with the digital gaming industry (Gaming) are also experiencing a bullish wave these days. In addition to altcoins and tokens of DeFi Like AAVE and LINK which just hit new all-time highs, gaming tokens Enjin (ENJ), Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) are also growing at an exceptional rate.
ENJ shows a performance of 80% over the past week, reaching a value of $0,41 USD at the time of this writing. AXS' performance has also been incredible; this token reached a new high this Monday, January 25, with a total value of $0,86 USD per unit. SAND exceeds the 85% in growth this last week, although its maximum was marked on January 21. Finally, the MANA token has a value of more than $ 0,16 USD, with a performance of more than 45% at the close of this edition.
📍The Bitcoin investor, Simon Byrne, came up with an unconventional way to mine bitcoins from his BMV model i8, valued at around $150.000 USD. A local media outlet reported The cryptocurrency enthusiast is reportedly mining bitcoins from the trunk of his hybrid vehicle, which has been converted to house an NVIDIA RTX 3080 Farm mining unit. The mining rig is powered by an ASUS B250 Mining Expert motherboard and an EVGA SuperNOVA 1600 T2 power supply, although the heat generated by the miner may be a concern.
Source: Hardware Times
📍 Also, at the time of this writing, the price of Bitcoin is between $32.500 and $35.000 USD per unit, showing a slight recovery and demonstrating strong consolidation in this price range for the cryptocurrency.
📍 Cathie Wood, CEO of ARK Investment Management, firmly believes that more companies will add cryptocurrencies, especially Bitcoin, to their treasuries to strengthen their positions. In a interview Speaking to Yahoo Finance, Wood made it very clear that if more companies buy Bitcoin, this will lead to a strong increase in demand for the cryptocurrency in the medium term, something that will also lead to an increase in its price.
Continue reading: Bitcoin mining and hash rate continue to grow within American countries
