Crypto market update
Following another dip, Bitcoin bounced off and tapped $37,500 before it was rejected once again. Most altcoins are somewhat calm on a daily scale, except for a few notable price drops. The crypto market cap has thus been quite steady around $1.7 trillion.
Bitcoin (BTC) is now trading at 36,858 USD (all data from Coingecko.com)
Ethereum (ETH) is now for 2,428 USD
PlatonCoin (PLTC) is now for 0,409 USD
Total marketcap is currently at 1.744 trillion USD
Daily news update
Corporations and Bitcoin: The biggest corporate Bitcoin holder is the Virginia-based business intelligence software maker MicroStrategy, according to a database from the crypto analytics firm CoinGecko. The $3.6-billion company owns 121,044 bitcoins, which is now worth roughly $4.4 billion, which is about 25% more than the company’s market capitalization.
Whales and Bitcoin: As reported by popular on-chain data vendor Santiment, large Bitcoin holders—widely known as whales in the crypto space—continue to accumulate the flagship cryptocurrency. Since December, they have added approximately 60,000 Bitcoins to their holdings, which is the equivalent of a staggering $2,200,026,000 at the current exchange rate of $36,592. Overall, in the past five years since 2017, these whales, as per the Santiment report, have acquired a jaw-dropping 1.7 million BTC, including the mentioned 60,000 coins. That amount, 1.7 million Bitcoins, is worth $62,334,070,000 at press time. Per another source, these wallets with over 100 BTC in them hold a mind-blowing 3.9 million Bitcoins (almost 21% of all circulating BTC).
Fidelity Investments and Metaverse: The large asset manager – Fidelity Investments – filed with the US Securities and Exchange Commission to establish a pair of exchange-traded funds (ETFs). The financial products will track firms involved in the Metaverse industry.
White House and crypto regulation: The White House is reportedly preparing an executive action that will instruct federal agencies with regulating cryptocurrencies ‘as a matter of national security’, a person familiar with the matter told Barrons. According to this source, the national security memorandum, which is expected to be released in the next few weeks, would assign portions of the government the task of analyzing digital assets and putting together a regulatory framework that would cover cryptocurrencies, stablecoins, and non-fungible tokens (NFTs).