Today Bitcoin (BTC) is again breaking this year’s record as Moderna’s COVID-19 vaccine is proving to be 94.5% effective.
Bitcoin recorded the highest three-week close in its crypto history
Bitcoin decided to start the week appropriately by making the crypto market feel alive once again. However, the excitement is not limited to the crypto market because we now have a second vaccine option.
Yes, today Moderna Labs announced positives for a possible coronavirus vaccine, with an effectiveness of 94.5%. Take into account that Moderna’s vaccine is more effective than Pfizer and Sputnik V of Russia.
Obviously the news of a new vaccine introduced a boost to the world and, with them, to the markets and Bitcoin.
Right now, Bitcoin is trading at $ 16,788, growing 5.48% over the last 24 hours. Very, very close to USD 17,000, will you make it?
The crypto community hadn’t seen this price level since 2018, just before crashing at $ 3,000. To be sure, today’s news regarding the vaccine has been a key catalyst for Bitcoin; however, experts see a greater maturity in the crypto leader.
Bitcoin at $ 318,000, says Citibank
Tom Fitzpatrick, managing director of Citibank, predicts that the price of BTC may exceed $ 318,000 in 2021, according to a note to institutional clients last week.
The note was leaked in Twitter via user ClassicMacro where Fitzpatrick pointed to BTC’s weekly chart and used technical analysis of previous highs and lows to determine a target of $ 318,000 for December 2021.
Fitzpatrick called BTC the “new gold” and said that today’s unstable macroeconomic climate is creating room for a new financial structure.
SkyBridge Capital could invest in crypto
SkyBridge Capital, which manages assets worth $ 7.7 billion, reported last week that it could seek exposure to crypto, including BTC, but it is not exclusive.
That is, according to Reuters, the company does not plan to limit itself and therefore plans to invest in crypto. In this way, it is the latest big-name company to show interest in digital assets.
Bitcoin Cash crypto hard fork took place
Yesterday the Bitcoin Cash blockchain was again divided into two networks: Bitcoin Cash Node and Bitcoin Cash ABC, this after a controversial proposal from the development team.
But this division is not two equal parts. In fact, everything indicates that the Bitcoin Cash Node Blockchain will be the dominant one given that, according to CoinDesk, until now the other Blockchain does not receive hashing power.
Thus, the crypto community must remain very attentive to the next events related to Bitcoin Cash.
In a few lines …
- Bitcoin.com partnered with Swiss luxury watch maker Franck Muller to craft crypto watches.
- The returns of BTC have been 5 times higher than the performance of gold, notes Mr. Gordon on Twitter.
- Jaan Tallinn, a co-founder of Skype, has most of his wealth in crypto, according to Fortune.