Kimchi Spreads, ‘Rat Poison,’ Shape Shifts: What You Need to Know in Crypto Today
Bitcoin hit a fresh all-time high above $35,000 while former Bakkt CEO Kelly Loeffler lost her U.S. Senate seat.
Also: Grayscale reports an a rise in participation from pensions while Ripple's Garlinghouse reveals he attempted to settle charges with the SEC ahead of its XRP suit.
It's taken just eight days in 2021 for bitcoin prices to surge more than 40%, and some analysts are starting to handicap the chances for a correction.
Bitcoin may not be "digital gold" just yet. But with institutions accepting the business case and the price rising, it's well on the way.
Amid political chaos and global uncertainty, one bitcoin is now worth more than $39,000 as the value of all cryptos passes $1 trillion.
It took just a few months for cryptocurrencies' market cap to double to $1 trillion. That compares with eight years for U.S. junk loans.
A correction in bitcoin's price (from all-time highs) led to $1 billion in liquidated options positions. Ukraine announced a Stellar-based CBDC experiment and a much-awaited Ethereum layer 2 set a tentative launch date.