Liquid.com, the popular cryptocurrency exchange, today announced that it has launched multi-chain support for deposits and withdrawals. This allows exchange users to receive and send assets across multiple blockchain-supported single assets to and from their Liquid account.
For the initial launch, Liquid added support for the Stellar (USDC)-based version and the USDT (TRC-20) version; in addition to the Ethereum network.
This new multi-chain support for single assets allows users to experience lower withdrawal fees and faster withdrawals for tokens across different chains; while moving away from the technological challenges of dealing with multiple wallets and private keys.
More Supported Blockchains Coming
In the near future, Liquid plans to extend its multi-chain support to other assets and blockchain networks; including USDC, USDT, GYEN, XSGD, IDRT, with blockchain interoperability for Stellar, Tron, Zilliqa, Algorand, Solana, and more to follow.
“Liquid is committed to promoting cryptocurrency adoption by introducing a technologically superior alternative to traditional payment rails. We’re taking a blockchain agnostic approach because we want to give maximum flexibility for our users to access diverse blockchain ecosystems. Being blockchain agnostic means, Liquid users can optimize for transaction time and network fees and access fast emerging ecosystems in DeFi and Dapps.” – Liquid.com COO, Seth Melamed
To celebrate the new feature, Liquid is waiving all withdrawal fees for USDC (Stellar) and USDT (TRC-20).
The Polygon network is now available on Coinbase Wallet mobile app and extension, with more scaling solutions to come
We’re excited to launch support for using decentralized apps (dapps) on the Polygon network, both for Coinbase Wallet mobile and extension.
Over a million Coinbase Wallet customers are using decentralized finance apps such as Uniswap, Compound and Aave, and NFT platforms like OpenSea and Zora. However, there are often high transaction fees and long confirmation times. And users with smaller transactions can be priced out of being able to participate in the open financial system. This has made the need for accessible scaling solutions even more important.
We are excited to support the Polygon network, which has recently emerged as one of the leading scaling solutions. This integration will allow for faster and cheaper transactions, and provide easier access to dapps on Polygon.
Last year, we added support for Optimistic rollups, another scalability solution, and today’s announcement underscores our dedication to making DeFi more accessible.
Connect Polygon & Coinbase Wallet We’ve made it simple for users to set up and get started with Polygon in a few steps:
Open up your Coinbase Wallet mobile app. Navigate to Settings, select Active Networks and then Polygon network from the list.
Once you enable “Polygon”, this will allow you to conduct transactions and access dapps on the Polygon network. (Don’t see Polygon? Please check that you are running the latest version of the Android or iOS Coinbase Wallet app.)
The switch to the Polygon network will automatically be reflected on both the mobile app and in the Coinbase Wallet extension.
Get Started with Polygon To get started, visit the Polygon Web Wallet and connect your Coinbase Wallet. Use the Polygon Bridge platform to send some ETH or any Ethereum token like USDC, DAI, UNI, etc. from the Ethereum mainnet to the Polygon network. Once you have moved some coins over to the Polygon network, you can try out the latest Polygon dapps. For example, you can try lending out your coins to earn interest on Aave for Polygon.
Looking Ahead We want to enable millions of more users to engage in the world of decentralized finance and dapps. In the coming months, we’ll continue to take steps to make it easier for users to access and interact with a variety of Layer 2 networks both on mobile and web.
Developers: Integrate your dapp with Coinbase Wallet If you’re a developer of apps on Ethereum, Polygon or Optimism, you can easily add support for Coinbase Wallet users by integrating the WalletLink SDK, which lets users sign into your dapp with Wallet (get started here). If you have previously integrated WalletLink into your dapp, please upgrade to the latest WalletLink SDK version 2.1.4 or later to add support for Polygon.
We’re always listening to our customers and welcome feedback and troubleshooting questions via our help center.
This website may contain links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.
Unless otherwise noted, all images provided herein are by Coinbase and are for illustration purposes only. Actual product may vary, including the dapps available and integrated with Coinbase Wallet.
Connect to Dapps on the Polygon network with Coinbase Wallet was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
XRP is trading at an attractive price level following its correction from April’s peak. Though the cryptocurrency is still one of the largest in terms of market capitalization, is it a good time to buy it?
XRP was issued by San Francisco-headquartered Ripple and the token is RippleNet’s native digital currency, meaning it has major real-world usage. Ripple’s partnership with big banks all around the world for blockchain-based cross-border payments boosts the future usage of XRP.
But, XRP remains one of the most controversial cryptocurrencies. Many crypto enthusiasts were critical of the token from early days due to its centralization structure and Ripple having control on XRP’s supply. However, the biggest blow to XRP came when the US Securities and Commission Exchange (SEC) filed a lawsuit against the company alleging that XRP is an unregistered security, and Ripple illegally raised it with its sale.
XRP Bulls
That followed the delisting of the cryptocurrency from several US-based crypto exchanges, and the XRP token went down to around $0.13.
But, things pivoted as Ripple found support in Asia. Crypto whales jumped in to buy the dip and pumped the prices aggressively, and along with the positive sentiments around the overall crypto market, XRP prices breached the $1.83 mark within a month.
“The SEC suing Ripple simply delays the inevitable that XRP gets regulatory clarity and is deemed: NOT a security. What this headline does do, however, is scare retail investors into selling and scare the new investors from buying XRP,” CryptoClear Founder, Johnny McCamley earlier told Finance Magnates.
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What’s Going On?
However, the ongoing correction of the cryptocurrency market pushed down the XRP prices again. The token is trading at $0.62, as of press time, which is more than 66 percent lower than its peak achieved in April.
From a technical standpoint, demand for XRP remains better than other cryptocurrencies. Ripple earlier reported that the demand for XRP surged in the first quarter of 2021. The company’s total XRP sales reached $150.34 million in the first quarter of 2021, which is a jump of approximately 97% compared to Q4 of 2020.
“XRP is currently trending horizontally around $0.62, which is a sharp drop for April 15 when it almost reached $2. As things stand, things look pretty glum for Ripple having met continuous resistance at the 20-day SMA. Further rejection could potentially take XRP to the $0.55 support wall,” said Gate.io CMO, Marie Tatibouet. “My suggestion would be to wait to see if XRP opens a candlestick above the 20-day SMA or not.”
XRP Price Levels, Source: Coinmarketcap.com
In addition, whales have accelerated their activities with XRP. Finance Magnates recently reported that multiple crypto whales are transferring millions of dollars in XRP out of cryptocurrency exchanges.
Currently, XRP has a total market cap of over $28.6 billion and is the sixth-largest digital currency, according to Coinmarketcap.com.
Meanwhile, the ongoing litigations against Ripple can make or break XRP prices. “In the short term, I expect XRP to keep trending around the levels that it is at right now,” Tatibouet added. “In the long-term, assuming a favorable result in the SEC lawsuit, XRP could go back up to $2 at the very least, and then it could jump to $5 and reach new all-time high levels.”
Bitcoin, the world’s most valuable digital asset, is currently struggling around the price level of $33,000 amid negative market sentiment. BTC has lost nearly 5% of its value since 7 July 2021.
According to the latest data published by Coinmarketcap, the overall market cap of digital currencies dropped by approximately $50 billion in the last 24 hours led by a correction in Bitcoin, Ethereum, Cardano, and Binance Coin. Ethereum remained the worst performer among the top 5 digital currencies with a drop of more than 5%.
Bitcoin’s total market cap dipped below $620 billion on 13 July 2021. The world’s largest cryptocurrency now has a market dominance of 45.6%. The price of BTC has remained below $40,000 since 16 June.
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BTC Chart (coinmarketcap)
“Bitcoin’s average return for 6-month investors is sitting at a very low -27.81%. When traders are this underwater, FUD typically arises in the form of negative-driven posts. Keep this negative bias in mind & take crowd takes with a grain of salt,” crypto analytics platform Santiment mentioned on Twitter.
Quiet Week for Bitcoin
Last week remained very quiet for Bitcoin as the volatility decreased significantly. BTC’s on-chain activity also dropped sharply in the last few days. “It has been an impressively quiet week in the Bitcoin market as volatility continues to seep out, and prices squeeze into a tight consolidation range. The week opened at a high of $35,128 and traded down to a low of $32,227. It is starting to feel like the calm before the storm as muted and quiet activity appears across both spot, derivative, and on-chain metrics,” on-chain analysis firm Glassnode mentioned in its latest weekly report.
Last week, Meitu, one of the leading technology firms in Asia, revealed that the fair value of the company’s Bitcoin holdings decreased by more than $17 million due to the latest correction in the price of BTC. The company purchased nearly $100 million worth of Bitcoin and Ethereum (ETH) in March 2021.
Shiba Inu, a famed meme coin, has recently unveiled its DEX ShibaSwap. This comes on the heels of the growing popularity of SHIB as holders continue to show faith in the coin.
The coin which was started as a joke has seen a lot of growth and seems to be taking a more serious tone as time goes by. The developers are bent on showing the market that Shiba Inu has moved on from meme coin territory into serious coin territory.
Related Reading | Coinbase Pro To List Shiba Inu, The “Dogecoin Killer” Price Soars
One of the ways the project has shown this newfound seriousness is in the release of its very own DEX named ShibaSwap. ShibaSwap works like any other DEX, the likes of Pancakeswap, SushiSwap, and Uniswap. With the launch of ShibaSwap has come a lot of possibilities for the holders of Shiba Inu tokens.
So far, the total value locked (TVL) of coins on ShibaSwap has exceeded $1.5 billion. Getting over $1 billion TVL in just two days after the launch.
What ShibaSwap Offers
On the website are various ways that Shiba Inu holders can get rewards for staking their SHIB coins on the platform. On the back of this has been the release of two new tokens; LEASH and BONE.
These tokens were not made available to buy until the ShibaSwap DEX was launched. Holders can “dig” on the platform to earn BONE tokens. The term “dig” in this context just refers to SHIB holders providing liquidity on the platform.
Holders can also “fetch” on ShibaSwap. This is done by migrating UNI V2-LP or SLP tokens and holders get BONE coins in return for fetching.
Continuing on this path, holders of Shiba Inu tokens can also “bury” tokens. “Bury” refers to staking SHIB tokens in order to get rewards on your staked coins. Holders can alternatively bury their SHIB tokens, LEASH, or BONE tokens using this feature. Burying is not yet live on ShibaSwap and is slated to be coming soon to the DEX.
Price of SHIB down 2% in the last 24 hours | Source: SHIBUSD on TradingView.com
The ShibaSwap DEX also provides swapping features for holders. Here, holders can swap their coins for any token listed on the platform. The tokens that can be swapped on ShibaSwap are not just limited to SHIB tokens. Users can swap a wide variety of tokens for other tokens. Eth being one of the most prominent that can be swapped on the DEX.
“Woof” is a feature that enables holders to get returns when they stake their SSLP tokens. It allows holders to farm for coins with their staked tokens.
The Bonefolio featured which has not yet launched will allow holders to track their token activities across the DEX, referred to as dogalytics on the SHIB website.
Three New Token Pairs
A recent announcement revealed that Shiba Inu would be adding three new pairs on their DEX ShibaSwap. This comes a week after the decentralized exchange had launched to much anticipation from the token holders.
The official Twitter account of Shiba Inu announced the three new token pairs and these included an ETH-USDT pair (300 AP), a LEASH-BONE pair ( 900AP), and a SHIB-BONE pair (600 AP).
The price of SHIB saw a small uptick in response to the announcement but this did not last long as the price of the coin took a nosedive shortly after the uptick.
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Regardless of the price reaction to the news, the new pair additions have been strongly encouraged, with the official SHIB account stating that they believe the additional pairs with help to build the momentum behind ShibaSwap. They hope to achieve this by “incentivizing our ecosystem, widening their reach to external users, and providing more USDT liquidity, (which will help #ShibaSwap run smoothly with more and more rewards).”
SHIB is currently trading at $0.00000770, and BONE and LEASH are listed on SHIB’s website at $5.38 and $2587.2 at the time of this writing.
Featured image from Currency.com, chart from TradingView.com
Data from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains on Monday after a disappointing weekly close.
The largest cryptocurrency had maintained its familiar trading range with $33,000 as support through Saturday and Sunday, but the new week dampened momentum.
For popular trader and analyst Rekt Capital, unless progress can be made, Bitcoin bulls may not have long to last before fresh losses hit.
“The blue 50-week EMA is still holding as support,” he summarized in a series of tweets.
“If this HL isn’t reclaimed as support soon, the sell-side pressure on the 50 WEMA may be too much for $BTC to hold here.”
Others were more upbeat. In his latest video update, fellow trader Michaël van de Poppe went as far as to call a BTC price breakout within days.
“I believe that Bitcoin is going to make a breakout to the upside,” he forecast.
“I would not be surprised if Bitcoin is going to trade around $38,000 during the days of this week.”
A look at buy and sell levels at major exchange Binance showed resistance forming at $35,000, with $30,000 remaining in place as overall support.
BTC/USD buy and sell levels (Binance) chart. Source: Material Indicators/Twitter
Altcoins lurk ahead of market decision
Van de Poppe added that this movement might be good for altcoins, which could start capitalizing on bullish sentiment. He had previously argued that altcoins would outperform the speed of Bitcoin’s gains in the coming months.
“I think the altcoins are close to a bottom too,” he said on Friday.
Related: Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, CAKE, FTT
Most altcoins saw flat performance on the day, little changed over the past 24 hours.
With little by way of strong sentiment in either direction, as Cointelegraph reported, concerns remain that external factors may unduly influence price action across cryptocurrencies.
This comes in the form of the Grayscale unlocking series, which involves around 42,000 BTC over the month of July.
Bitcoin price has been trapped in a tightening trading range and has barely moved in weeks. The top cryptocurrency by market cap has been boring compared to its characteristically volatile self.
Looking back at the asset’s historic volatility, a fractal pattern could be forming that suggests the price per BTC is about to blast off to unprecedented heights.
Fractals And How History Doesn’t Rhyme But It Often Repeats
Mark Twain said that “history doesn’t repeat, but if often rhymes.” The statement best explains the theory behind repeating price patterns called fractals.
Related Reading | Bitcoin Ready For Display Of Strength, But Which Direction Will It Break
These fractals appear similar to another point in historic price action, and help analysts to predict and anticipate future market behavior. The results can be mixed, as rarely do things play out exactly the same. This fact has earned fractals a negative reputation, however, even in Bitcoin there is some specific behavior that can be expected.
Every cycle looks similar by comparison when zooming out | Source: BLX on TradingView.com
For example, each major breakout past all-time high resulted in a parabolic uptrend and the visual comparisons are undeniable. The most recent uptrend of which has come to a screeching halt, turning a stumble into a full-on 50% or more collapse.
While the market ponders if the bull trend is kaput, even technicals have become mixed. There is a handful of doji candles on the weekly, a tight trading range, and volatility has dropped to an important level. All of these signs point to a potential reaction, and if “history” has anything to do with it, the volatility should be released to the upside.
What Historical Volatility Says About The Bitcoin Bull Run Finale
All throughout nature there are fractal-like patterns that repeat again and again. Price action in financial assets commonly exhibit such repeating behavior, such as cycling between bear and bull markets.
Bitcoin is no different, and is known for patterns that appear again and again. Looking back at the Historical Volatility indicator on weekly timeframes, we may have one of those instances brewing.
Mid-cycle consolidation then kicks volatility into high gear | Source: BTCUSD on TradingView.com
During the previous bull market, which is clear the current cycle isn’t quite following in terms of “only up” price action, after one of the largest shakeouts, volatility finally held above a key level and kickstarted the last leg of the bull market.
Anyone who had assumed it was the peak of the cycle, would have been left in the dust as Bitcoin churned out another 900%+ of bull market ROI and volatility went parabolic.
Related Reading | Bitcoin Trend Strength Indicator Suggests Bull Run Isn’t Yet Over
Bitcoin is back and trying to hold above a very similar support line, and if successful, should send volatility back along a parabolic curve along with price action. That would put the top of the current bull cycle at around December, which – historically – has marked a significant top or bottom every year since 2017.
Still think history doesn’t rhyme?
Follow @TonySpilotro on Twitter or via the TonyTrades Telegram. Content is educational and should not be considered investment advice.
Featured image from iStockPhoto, Charts from TradingView.com
Paraguayan Congressman Carlitos Rejala and Senator Fernando Silva Facetti are planning to introduce a Bitcoin (BTC) bill to Congress on Wednesday, July 14, underscoring the lawmakers’ urgency in formulating a coherent digital asset strategy for their country.
“I am here to unite Paraguay,” Rejala tweeted Friday, adding that he and his fellow lawmaker are planning a “mega surprise for Paraguay and the world.”
I am here to unite Paraguay , that is why we decided with Senator @FSilvaFacetti to present together the bill #bitcoin on Wednesday, July 14! Stay tuned since there will be a mega surprise for Paraguay and the world. Something GIANT is coming #Bitcoin#btc
Although Rejala didn’t specify what the bill would entail, some lawmakers in the country want to follow El Salvador’s lead in making Bitcoin legal tender. On June 6, Rejala informed his more than 50,000 Twitter followers that digital assets would be connected to “an important project to innovate Paraguay in front of the world.”
Como ya lo decía hace un buen tiempo, nuestro país necesita avanzar de la mano de la nueva generación. Llegó el momento, nuestro momento. Esta semana empezamos con un proyecto importante para innovar a Paraguay frente al mundo!
Based on Rejala’s previous statements, the forthcoming bill will introduce measures to make Paraguay a leading center for foreign cryptocurrency investors, businesses and perhaps even Bitcoin miners. Potentially, this will include provisions to accept BTC as legal tender.
Like other Latin American lawmakers, Rejala added laser eyes to his profile picture on Twitter, a symbolic way of showing his bullish outlook on BTC.
Related: What is really behind El Salvador’s ‘Bitcoin Law’? Experts answer
Latin America has emerged as a potential hotbed for cryptocurrency adoption due to local economic and fiscal pressures, especially in countries like Argentina, Venezuela and Mexico. As Cointelegraph reported, Latin America is now home to at least two cryptocurrency unicorns, a term used in the venture capital industry to describe startups with a valuation of $1 billion or more.
2TM Group, the parent company behind Brazilian cryptocurrency exchange Mercado Bitcoin, recently completed a $200 million funding round with SoftBank, bringing its total valuation to an estimated $2.1 billion. Meanwhile, Mexican crypto exchange Bitso is valued at $2.1 billion after concluding a Series C funding round.
Satoshi Labs, the creators of bitcoin and crypto hardware wallet brand Trezor, is set to release its new interface application next week, on Wednesday, July 14th. While the Trezor Suite for the web is still available, the new Trezor Suite is built from the group up as a totally unique desktop app for Windows.
Features of Trezor Suite
Invity
Firstly, Trezor Suite will integrate Invity (a Satoshi Labs tool). Invity enables users to buy bitcoin and dozens of other coins straight to their hardware wallet in a decentralized manner. With the integration of Invity, hardware wallet users are free from trusting exchanges with their keys.
With Invity integration, users can now find an offer according to their region and preferred currency
Dashboard Enhanced
From the Trezor Suite dashboard, users will get a full view of all their crypto assets and a graph of their deposits and withdrawals. Trezor Suite is designed to be easy to navigate to a particular asset to start transacting. It is now more efficient to switch to the Trade tab to select an offer for a bitcoin purchase.
Easy Onboarding
The new Suite app also now provides an all-in-one onboarding interface guide to get users’ wallets properly set up. The onboarding tool highlights basic security steps user’s should take and how to improve privacy without the need for extra applications or complex networking knowledge.
New onboarding tool
Safe Transactions
With the new Trezor Suite, it is now quicker to generate a new transaction plus set a custom fee. Importantly, security checks by Trezor make sure the fee is not abnormally high, and pre-calculated fees are recommended based on current network capacity. Further, RBF (replace by fee) and Broadcast are enabled by default to provide a more fluid transaction experience.
RBF and Broadcast are enabled by default
Efficient Token Management
ERC-20 tokens can now be easily added to a user’s wallet with the contract address. Further, a crypto token supported by Trezor Suite can now be enabled/disabled from view via a simplified Coin Settings menu. Note, disabling a token just removes it from view on the app, the keys remain safe on Trezor.
Privacy Simplified
Lastly, different layers of privacy are available depending on a user’s needs. This feature can already be experienced through a Tor switch and discreet mode.
Launch July 14th
“Next week, Trezor Suite will officially launch. This is a significant milestone in its development, and Trezor Suite will become the main interface for managing your funds. But for Suite, it is still just the beginning. Each month will see exciting new features and expanded functionality brought to the new platform, so you can continue to do more with your crypto holdings.” – The Satoshi Labs Team
The cryptocurrency market started 2021 on the back of substantial gains in December 2020. The overall market cap of cryptocurrencies jumped from approximately $500 billion to $752 billion in the last month of 2020.
2021 started as a ‘game-changing’ year for the cryptocurrency market as a dramatic surge in demand for cryptocurrencies led to a substantial jump in the value of digital assets. The overall market cap of digital currencies jumped from $750 billion in January to a record high of approximately $2.5 trillion in May 2021. Despite the latest dip, the total market cap of cryptocurrencies is hovering near $1.4 trillion, which is up by more than 85% in the last six months.
While some of the cryptocurrencies spiked by more than 10,000% in 2021, we have compiled a list of the top cryptocurrency assets which is not only focused on price gains. We have ranked the top 5 cryptocurrencies on the basis of retail and institutional adoption, popularity and market cap.
Dogecoin (DOGE)
Started as a joke cryptocurrency in 2013, Dogecoin became the most popular digital currency in 2021. Driven by the Redditt frenzy in January this year, DOGE spiked by nearly 900% within 24 hours on 29 January. Additionally, Dogecoin received support from celebrities, including Elon Musk and Snoop Dogg. In terms of adoption, several global organizations started accepting DOGE as a mode for payments. As of the time of writing, Dogecoin is trading above $0.21 with a market cap of more than $27 billion. DOGE is up by more than 4,500% since the start of 2021.
Dogecoin (Coinmarketcap)
Ethereum (ETH)
ETH is the second-most valuable cryptocurrency in the world after Bitcoin. Institutional interest in Ethereum jumped substantially in 2021 as large organizations started adding Ethereum to their balance sheets. According to CoinShares, Europe’s largest crypto asset manager, ETH-related investment products attracted more than $1 billion in the first six months of 2021. Grayscale, the US-based digital asset management firm, expanded its ETH assets significantly this year. The company now holds more than 3.1 million ETH. In terms of price, Ethereum remained the best performing cryptocurrency among the top 3 with a jump of nearly 190% in H1 of 2021. ETH currently has a market cap of $254 billion.
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Ethereum (Coinmarketcap)
Binance Coin (BNB)
BNB surprised everyone in 2021 with substantial gains. The cryptocurrency became popular among retail traders due to its limited supply. One of the main reasons behind the surge in the popularity of BNB in 2021 is that a record number of BNB tokens were burnt this year. “When you burn coins, they are taken out of circulation forever. It increases the value of the remaining coins,” Binance CEO, Changpeng Zhao mentioned on Twitter in April. Binance Coin started this year with a price level of $37. The cryptocurrency spiked by more than 700% to reach $300 by the end of June 2021. BNB’s current market cap stands at around $47 billion.
BNB (Coinmarketcap)
XRP
In December 2020, XRP lost nearly 60% of its value after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple. However, the adoption of XRP Ledger (XRPL) has increased rapidly since the start of 2021. Ripple formed several partnerships with some of the leading cross-border payment firms around the world to enhance the use of XRP in global payments. XRP-related investment products also saw large institutional inflows this year. XRP’s retail demand and the total number of whale addresses have increased substantially over the last six months. As a result, the price of XRP has jumped from $0.22 to $0.60 in the first half of 2021. XRP is the 6th most valuable cryptocurrency in the world with a market cap of over $28 billion.
XRP (Coinmarketcap)
Bitcoin (BTC)
Despite the reason that BTC lagged behind other cryptocurrencies like Ethereum, XRP and Dogecoin in terms of price gains, Bitcoin received immense support from large hedge fund managers and institutional investors. In February 2021, Tesla, the world’s largest electric car maker, purchased $1.5 billion worth of Bitcoin. Moreover, MicroStrategy and Square increased their BTC holdings during the first half of 2021. CoinShares mentioned that the overall investment into BTC-related investment products in H1 of 2021 has already jumped above the total investment of the entire 2020. According to the latest data published by crypto analytics firm, Santiment, Bitcoin whales holding between 100 and 10,000 BTC now have more than 9.13 million coins, which is the highest level on record. This shows that BTC remained the preferred choice of large investors in 2021.
Bitcoin is still the most valuable cryptocurrency in the world with a market cap of over $600 billion.
