Bitcoin’s price has closed at its highest monthly figure ever, eclipsing the previous high that was seen last month.
Bitcoin’s price has been setting records as of late. Yesterday it rose up and broke its previous all-time high price. And it continues to maintain its longest streak ever of days above $10,000. Now it’s gone on to make gains on the monthly scale too.
Yesterday, Bitcoin’s price—having started the month at $13,737—finished the month at $19,625, setting a new record.
This month’s figure is far higher than figures seen during Bitcoin’s last major bull run during Christmas of 2017, which pushed Bitcoin up to the $19,000 bracket for the first time and registered an all-time high that took nearly three years to overcome.
Per CoinMarketCap, Bitcoin ended 2017 on $14,156 as the Christmas bull run was in full flow. Just one month later in January 2018, Bitcoin registered a $10,221 at the end of the month, representing a 28% decrease between months amidst what proved to be a major price crash.
During the 2017 bull run we closed only 9 days TOTAL over $17,000
Today we have just closed our 14th day in a row above $17,000#Bitcoin is stronger than ever
Since the summer, when Bitcoin’s 2020 bull run first began, monthly closure figures had been steadily increasing.
This August, Bitcoin closed the month at $11,680. One month ago, Bitcoin’s price closed October at $13,780, now the second highest monthly close price ever. What’s more, this means there was an 18% increase in monthly closures between August and October.
Alexander Höptner, the former executive of Germany’s second-largest stock exchange, Börse Stuttgart, has been appointed by holding group 100x Group to lead its various products and investments, as per an announcement. He will join in January 2021.
The group operates crypto derivatives exchange BitMEX, whose three founding members—Arthur Hayes, Samuel Reed, and Ben Delo—stepped down in October after facing multiple charges in the US.
We are proud to introduce Alexander Höptner as our newly appoi...
But November has been a historic month for Bitcoin. Not only did this year’s bull run reach its highest point this month, but Bitcoin recovered from a brief market crash to register a new all-time high price. Unsurprisingly, this month’s closure marks a major 42% increase from October’s figures.
Stablecoin issuer Tether is ending its USDT support for five blockchains effective on September 1, the company announced on Friday, ending redemptions and freezing the remaining assets on those blockchains.
Last June, the firm ended its minting function on Algorand and EOS (now called Vaulta), meaning it would no longer issue new stablecoins on those chains. In 2023, it announced the same for Bitcoin Cash, Kusama, and Omni Layer Protocol.
Now, Tether has put a hard end date on its stablecoin s...
Solana token launchpad Pump.fun is prepping for its initial coin offering, aka ICO, on Saturday, July 12. With U.S. and UK citizens banned from participating, traders are eagerly awaiting its full launch to purchase PUMP—but will it pump or dump once it starts trading?
The token is set to go on sale via six centralized exchanges (Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io) as well as the Pump.fun website Saturday, with 150 billion tokens up for grabs at $0.004 each. Within 48 to 72 hours a...
U.S. spot Bitcoin exchange-traded funds pulled in over $1.17 billion on Thursday, notching their second-highest day of inflows ever as institutional capital flooded into digital assets.
The massive inflows to Bitcoin ETFs were led by BlackRock's IBIT with $448.5 million, followed by Fidelity's FBTC at $324.3 million and ARK's ARKB with $268.7 million, according to Farside Investors data.
Even with $40.2 million in outflows from Grayscale’s GBTC, total net flows turned sharply positive.
The infl...