Big market players have started taking serious note of the world’s largest cryptocurrency as it makes its way to the mainstream financial market.
The JPMorgan analysts noted that the arrival of Bitcoin ETF can pull out institutional money from other BTC funds which might result in a short-term price fall.
In a massive market wide, over $150 billion were eroded from crypto markets in a matter of only few hours. BTC registered its first sharp fall this year in 2021.
Bitcoin (BTC) makes a historic surge rallying more than 50% in the first eight days of 2020 to hit a new high above $41,500 and out sizing giants like Facebook and Tesla.
In an unprecedented market rally, the overall crypto market cap surges past $1 trillion with Bitcoin hitting a new all-time high above $37,000.
The Ripple investors has requested the court for an expedited trial along with a temporary restraining order and preliminary injunction. It has requested for stopping Ripple on using its cash and other liquid assets until the settlement is made.
The banking regulator said that all U.S. national banks can serve as a node on blockchain and use stablecoins to facilitate instant and low-cost cross-border payments.
As BTC price cools down, Ethereum (ETH) steals the show surging over 30% in 24 hours to surge past $1000 price levels.
FinCEN plans to introduce the Banking Act and BRAR rules for foreign accounts holding over $10,000 worth of cryptocurrencies.
Here’s a brief walk-down at the memory lane for Bitcoin performance in 2020. Bitcoin investors bidding adieu to 2020 of a great note.