Bitcoin and ETH Make New Highs on Eve of Coinbase IPO; Can We Hit $100k?
Bitcoin and ETH have both broken out of their consolidation ranges to make new highs today. Meanwhile, the much anticipated Coinbase IPO launches tomorrow.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Grayscale Plans to Move GBTC to an ETF and Lower Fees
Grayscale has made it clear that their plan is and always has been to lower GBTC fees and move it to an ETF.
Visa and PayPal Ramp Up Crypto Adoption
Visa and PayPal have both ramped up crypto adoption this week. Visa is running a USDC pilot program, and PayPal has launched a crypto checkout service.
Cardano (ADA) Launches on Coinbase Pro (Finally)
After years of waiting since an initial teaser, Cardano (ADA) is coming to Coinbase Pro. Trading is set to start March 18th. ADA will likely come to the Coinbase app shortly after.
Upcoming Ethereum EIP-1559 Means Curved Inflation and More
A long-awaited overhaul to Ethereum fees, EIP 1559, is finally set to launch. The proposal reforms how fees are paid, reduces gas costs, curves ETH inflation, and more.
GBTC Continues to Trade at a Negative Premium
GBTC has traded at a negative premium since tech stocks began to drop and Bitcoin began to find support. The result is you can buy discounted Bitcoin through Grayscale.
MicroStrategy Bought the Dip, Did You?
Microstrategy bought 328 bitcoin for about $15 million with an average price of $45,710 per BTC. That means they basically bought the bottom of the current range.
GBTC’s Premium Went Negative!
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
Su Zhu from Three Arrows Capital Imparts Amazing Crypto Wisdom
Everyone should take a moment to check out the crypto whale Su Zhu from Three Arrows capital on “Only up.”
MicroStrategy Buys over $1 Billion BTC
Microstrategy has bought more than $1 billion BTC. They bought 19,452 Bitcoins for an average price of $52,765 per bitcoin. They now have 90,531 Bitcoins at an average price of $23,985.