Weekly News Roundup: Bitcoin Prices Reaches $69,000 CAD, J.P. Morgan Planning BTC Purchase, GME Congress Hearing
Another wild week in the world of cryptocurrencies is coming to a close and here we are bringing you the top headlines. Progressive investors here at Netcoins continue to earn capital hand over fist as the biggest Bitcoin bull run to hit the cryptocurrency world since 2017 continues.
People are perplexed by the idea of Bitcoin because it’s not issued or managed by governments or banks. That’s why one of the most frequently asked questions is this: “How is Bitcoin created?” Today we’ll go over how bitcoin is created, why this matters, who decided it should be created this way and more.
What is The Flippening? Can the upcoming Ethereum 2.0 upgrade re-ignite it? These are the questions we aim to answer in this post. We take a deeper understanding of the reasoning behind the upgrade and what the significance of a potential flipping may be. It will truly add to your depth and breadth of knowledge about altcoins, decentralized finance and the broader impact of cryptocurrency adoption.
On-chain analysis is to cryptocurrency investing what fundamental analysis is to stock market investing. If both forms of analysis are flying right over your head, not to worry. We are proud to equip you, the progressive investor, with a basic overview of what on-chain analysis is and how you can use it to gain an edge in the crypto market.
What a big week for cryptocurrencies! The price of Bitcoin is currently sitting at $60,000 CAD at the time of this writing. Simply unbelievable. Not only that, but if you thought 2020 was big for institutional investment in the crypto space, 2021 is going to knock your socks off! The first six weeks of this new year is proof of that.
Altcoin season is officially here! As usual, the most valuable altcoin of all is leading the rest of the bunch to levels investors like you and I haven’t seen since the initial coin offering bonanza of 2017. Just in the last seven days, Ethereum is up nearly 27% compared to a 12.5% gain for Bitcoin. At the time of this writing, the price of one Ethereum token now sits at $2,150 after reaching an all-time high of $2,238 CAD just two hours ago.