Every week, we’ll quickly cover the biggest stories in crypto so that you’ll always be up to speed on the latest headlines. Quickly skim the headlines and if you see something that interests you, read up on it in full detail by clicking the source link.
Story of the Week
Bitcoin surpasses the previous all-time high of $48,747.54 set on Thursday by hitting $48,981.91 on Friday on Bitstamp. Spurred on by Elon Musk’s bullish sentiments on the flagship cryptocurrency on February 1st, Bitcoin has since increased by 47.76%, or by $15,442,78.
At the time of writing, Bitcoin is trading at $47,775.79
Crypto Market Recap – Week 5 – Sun, 2/7
BTC Price Explodes Above $44K As Tesla Invests in the Crypto – Mon, 2/8
Bitcoin hit a new all-time high of $44,900 on Monday after the latest Tesla filing revealed that the company had invested $1.5b in Bitcoin.
Read More: BTC Price Explodes Above $44K As Tesla Invests in the Crypto on TheDailyChain
Miami Mayor Who Backs Bitcoin Wants City to Hold Crypto Assets – Tue, 2/9
Miami Mayor Francis Suarez said he was working to add Bitcoin to Miami’s balance sheet and that he would address the matter at a city commission meeting.
Read More: Miami Mayor Who Backs Bitcoin Wants City to Hold Crypto Assets on Bloomberg
Mastercard Will Let Merchants Accept Payments in Crypto This Year – Wed, 2/10
Mastercard customers will see digital payments settled in crypto at participating merchants scheduled in Q4.
“Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants, and businesses to move digital value,”– Mastercard Executive VP for Blockchain & Digital Asset Products, Raj Dhamodharan
Read More: Mastercard Will Let Merchants Accept Payments in Crypto This Year on CoinDesk
Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico – Thu, 2/11
“This product will enable customers to convert their cash into digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video,” one job post said of Amazon’s “new payment product.”
Read More: Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico on TheBlock
First North American Bitcoin ETF Approved by Canadian Securities Regulator – Fri, 2/12
Read More: First North American Bitcoin ETF Approved by Canadian Securities Regulator on DailyHodl
A special thanks go out to the cryptounfolded team for supplying Swapfolio and its community with all the latest data and news updates in the world of cryptocurrencies.
Elon Liquidates Over $500m in $BTC Short Positions Across Exchanges – 2/7
Tether Market Cap Hits $30b – 2/8
Bitcoin Overtakes Tesla’s Market Cap – 2/9
“Bitcoin” & “Bitcoin Price” Google Searches on a Decline – 2/10
Bitcoin is Growing at a Faster Pace than the Internet – 2/11
Bitcoin Miners Just Made Over $4m in a Single Hour, ATH – 2/12
Global Crypto Indicators
Total crypto market capitalization is $1.45T, which is up 4.81% over the last day. This values all crypto-assets at 19.69% of Gold’s market cap. 24-hour global crypto volume is $212.81B, representing an 8.05% decrease (23% of this volume, or $50.01B is transparent volume).
Bitcoin dominance is 60%, which represents a 0.49% gain over the last 24 hours.