The moving course continues in the crypto currency Bitcoin. Movements of groups emerging in the US towards shares, cryptocurrencies and metals support Bitcoin.
In addition to corporate purchases, Bitcon, which received the support of Elon Musk, the CEO of the electric vehicle manufacturer Tesla, rose to the $ 34,000 limit again.
Saying that Bitcoin is ready to “attract the attention of the mainstream,” Musk wrote only “Bitcoin” in the biography section of his Twitter profile recently, and the interest in the unit increased rapidly.
“I think Bitcoin is on the verge of widespread acceptance by traditional finance,” Musk said in a speech on the Clubhouse platform, a voice-based social network, stressing that he does not have a strong opinion of other cryptocurrencies.
Bitcoin, the highest volume unit of the cryptocurrency markets, saw an all-time high of $ 41,946.74 on January 8, supported by the rapidly increasing institutional purchases since the last days of last year.
Bitcoin, which fluctuated between $ 33,167 and $ 34,638 in the last 24 hours, decreased to $ 33,866.18 with an increase of 0.84 percent in the last 24 hours, while the weekly earnings of the unit were calculated as 6.88 percent. Bitcoin’s total market volume also increased by approximately $ 6.0 billion to $ 630 billion.
While the value of 20 units fell from the highest volume 100 units in the last 24 hours in the crypto money markets, XRP was among the ones that fell 33.73 percent from the top 10 units in the last 24 hours.
With the effect of increasing corporate purchases, the total market volume exceeding the 1.0 trillion dollar limit for the first time in history on January 7 increased from 1.0 trillion 2.0 billion dollars to 1.0 trillion 14.2 billion dollars in the last 24 hours.
Bitcoin comprised 62.2 percent of the total market volume in 33,026 markets where 8,365 cryptocurrencies were traded. The 24-hour trading volume in all markets also increased from $ 145 billion to $ 158 billion, an increase of about $ 13 billion.
In his analysis titled “Elon Musk spoke about Bitcoin at Clubhouse,” he said:
“Musk announced that he personally supported Bitcoin by saying that it would reach a wider audience. The traditional financial system is now almost at the point of accepting Bitcoin, Musk made a witty statement” I’m late to the party “.
“Visa has announced that it will add Bitcoin to its payment network. Visa’s CEO stated that he considers Bitcoin as digital gold and will position it as a partner with 160 currencies.
“Ripple presented more than 90 pages of its defense to the court. He described the securities case between the SEC and the” unprecedented and ill-conceived theory of law. “The file indicated that Ethereum was cited as a precedent and asked whether Ethereum was a security.
“Dogecoin and XRP started the week with a significant rise. Dogecoin rose 47 percent and XRP rose 40 percent. Thus, Dogecoin entered the top 10, while XRP’s dominance level rose to 2.65 percent.
“The total market value of DeFi protocols reached $ 50 billion. The protocol with the highest increase was pNetwork (PNT) with 121.5 percent. Total locked-in assets in DeFi approached $ 27 billion.”
Off Twitter for a while— Elon Musk (@elonmusk) February 2, 2021
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.