Tue. Oct 19th, 2021

    Margin Rate | Latest World, Finance, Broker, Crypto News...

    Following MicroStrategy, a US-based mobile software and cloud-based services provider, China-based technology company Meitu announced that it received approximately $ 40 million of Bitcoin and Ethereum, while Bitcoin climbed to the $ 54,000 limit, while its market volume again exceeded $ 1.0 trillion. >
    According to the statement made by Meitu, the company bought 379.12 Bitcoin for $ 22.1 million and 15,000 Ethereum for 17.9 million dros. Galaxy Digital also announced that it purchased a total of $ 32 million worth of Ethereum in 2021.

    Microstrategy CEO Michael Saylor announced that they purchased 205 Bitcoins at an average price of $ 48,888. According to analysts’ calculations, the company’s total Bitcoin assets reached 91,064 Bitcoins, equivalent to $ 4.59 billion at today’s prices. The company’s average purchase price of Bitcoin is calculated as $ 24,119 and the total cost is calculated as $ 2.2 billion.

    Bitcoin, which fluctuated between $ 49,508.38 and $ 53,993.39 in the last 24 hours, rose 6.71 percent to $ 53,940.93, while the weekly earnings of the unit were calculated as 9.84 percent. . Bitcoin’s total market volume rose again to $ 1.0 trillion, with an increase of about $ 60 billion. Bitcoin, the largest volume unit of the crypto money markets, saw a new peak of $ 58,330.57 on February 21.

    Ethereum, the second largest unit of crypto money markets, rose 6.96 percent in the last 24 hours to $ 1,843.87, while its weekly earnings were 18.65 percent. found.

    The total market volume in all markets increased from 1 trillion 566 billion dollars to 1 trillion 659 billion dollars. The total market volume exceeded the $ 1.0 trillion mark on January 7 and $ 1.5 trillion on February 15, with the rapid climb after institutional interest in the cryptocurrency markets. While the value of 17 units fell from 100 high-volume units, three units were among the top 10 units.

    Of the total market volume of 35,494, where 8,735 cryptocurrencies were traded, Bitcoin comprised 60.4 percent and Ethereum 12.7 percent. The 24-hour trading volume in all markets was $ 131.4 billion.

    Bittrt Research Manager Helin Çelik pointed out that the US President Joe Biden’s $ 1.9 trillion incentive package was approved by the Senate in his market assessment.
    “The package, which has been on the agenda for a while, was carefully followed by the crypto money investor as it was used in products with limited supply in the past. It is said that the package will be fully implemented after the approval of the House of Representatives, but there is already no reason for the incentive to not come to life. Whereas, it is predicted that it will reflect positively on the crypto money market in the future.

    “Although Galaxy Digital is mainly associated with Bitcoin investments, it has recently started to turn to Ethereum (ETH). Michael Novogratz had previously made positive statements about ETH. Turning to other cryptocurrencies, including ETH in 2021, the institution has recently purchased $ 32 million of ETH. Due to Grayscale’s high transaction fee, Galaxy Digital continues to be the institutional investor alternative.

    “Goldman Sachs’ industry leader believes that as corporate appetite increases, incumbent banks will seek to meet this demand. It is thought that consolidation could be achieved for the cryptocurrency market.

    “Tetragon, one of the biggest financial backers of Ripple Labs, has been turned down. The Delaware court rejected the multi-billion asset manager Tetragon Financial Group’s request to cash out Ripple stock amid an ongoing legal battle between Ripple and the US Security and Exchange Commission.