Most of the biggest crypto news today have been tied to the leading crypto, Bitcoin (BTC). What is happening?
Bitcoin as the most desired asset
Fidelity Digital Assets published a report today where it noted that Bitcoin’s relationship with the returns produced by other asset classes is almost nil. But what does this mean?
It means that Fidelity suggests that investors allocate and hold 5% of their crypto investment portfolio in Bitcoin as exposure to alternative investments.
Meanwhile, as Dan Held comments in the Twitter, Bitcoin reaches record figures of activity:
In this regard, according to Coinmetrics figures, the number of addresses on the Bitcoin Blockchain with any amount of BTC in your account exceeded 30 million.
Not to mention, the number of daily active crypto addresses exceeded one million accounts.
Just also today the co-founder of the Gemini Exchange, Tyler Winklevoss, assured that very soon Bitcoin will receive a “tsunami” capital.
Accumulating the leading crypto will be the trend
As we reported today in CryptoTrend, Bitcoin whales have mobilized a total of 173,412 BTC through 76 operations, according to Whale Alert.
Likewise, during that period of time, the whales have accumulated a total of 87,687 BTC, which represents 50.57% of the total mobilized crypto leader.
Consequently, it seems clear that Bitcoin whales have started the last quarter of the year with a significant accumulation trend.
$ 114 million in leading crypto is guarded
An announcement published today revealed that the New York Digital Investment Group (NYDIG) crypto custody of around $ 114 million worth of Bitcoin (BTC) for Stone Ridge.
Apparently Stone Ridge decided to buy 10,000 BTC as part of their strategy.
Bitcoin is a crypto threat !, says the United States
A few days ago a report was published entitled «Cryptocurrencies: an application framework»By the United States Department of Justice where it classifies the crypto leader as a threat to the stability and security of the international financial system.
Accordingly, attorney Williman P. Barr explains that actions must be taken to prevent people from falling victim to criminals using crypto.
Bithumb ready to join the decentralized finance sector
According to CoinTelegraph, crypto firm Bithumb Global announced the launch of Clover, a Blockchain platform for DeFi and powered by Polkadot (DOT).
In this way, the platform will have a utility and government token called CVL.
In a few lines …
- MicroStrategy CEO noted that Square’s crypto investment in Bitcoin is extraordinary news.
- Crypto-themed cruise in the Gulf of Panama announced that will provide a place for Blockchain enthusiasts.
- Spanish government is preparing to force crypto holders to disclose their holdings.