From Friday's events:
Bitcoin exceeded $ 41,000; Google searches for "Ethereum" hit an all-time high; Coinbase acquires Routefire; Bakkt may go public following a merger; CEO of Ripple: "We Didn't Pay Exchanges to List XRP"; The current situation onexchanges.
Bitcoin exceeded $ 41,000:
Data from Cointelegraph Markets, Coin360 and TradingView showed that the BTC / USD pair rose rapidly, recovering from a psychologically significant price level.
After the 9% drop that came after breaking the previous day's all-time highs, Bitcoin only managed to stay lower for a few hours before the uptrend returned. Subsequently, the largest cryptocurrency not only equaled its record, but provided a new one - $ 40,087.
bitcoin also beat the market capitalization of Chinese giant Tencent and briefly overtook technology company Tesla when it soared to $ 41,000.
As the BTC / USD pair broke through the $ 40,000 mark, Bitcoin's market capitalization soared to an unprecedented level, reaching $ 745 billion. A day later, after an adjustment, the number dropped to $ 737 billion before regaining its previous record.
at the same time, Tesla made a quick 7.3% daily profit which allowed it to overtake Bitcoin again after briefly losing its market cap advantage to cryptocurrency. The company was trading today at $ 773 billion as Bitcoin once again floated through $ 40,000.
a more decisive victory for Bitcoin over the Chinese technology giant Tencent, which, with a value of $ 716 billion, definitely fell under the influence of the Bitcoin pace.
Google searches for "Ethereum" hit an all-time high:
more and more people are now searching for the word "Ethereum" than ever before in its history.Google Trends reveals that the number of current Google searches for "Ethereum" is at its highest ever, eclipsing interest in the peak of the recent ETH bull run.
The previous peak in popularity of the search term Ethereum was January 13, 2018 - this was the date of the highest level in ETH history, $ 1,432.88.
Considered a "people's indicator", the growing Google Analytics interest score for a cryptographic search term is associated with a positive attitude towards a particular coin / project.
while it makes sense that interest in Ethereum searches will peak in the run-up to a new all-time record, the same cannot be said for 'Bitcoin' searches, which remain at 65% of their highest popularity as of December 23, 2017.
that said, far more people are searching for "Bitcoin" than "Ethereum" at a ratio of around 5: 1.the increase in popularity of various cryptographic phrases has the potential to trigger a self-perpetuating bull run, where curious traders make purchases, driving the price up, thereby generating more interest, resulting in more searches.
google trends also provides data corresponding to relative interest by region. Currently, the countries with the greatest interest in "Ethereum" as a search term are Kosovo, North Macedonia, Slovenia, Nigeria and China.
Coinbase acquires the Routefire platform:
The leading cryptocurrency exchange Coinbase has acquired the Routefire platform to streamline transaction execution.
In a blog post, Routefire CEO Jason Victor announced that the team will now develop executive services for Coinbase, thanking users for their support over the past three years.
routefire launched at the end of 2017 with the mission of improving the trading infrastructure in the cryptocurrency market. have developed products that allow traders to automatically search multiple sources of liquidation to find the best rates for both prices and fees.
The Routefire team will from now on developing the Coinbase Prime suite of tools and services. It aims to be the leading brokerage platform for financial institutions that want to trade in the cryptocurrency space.
coinbase has experienced numerous downtime over the past 12 months, often coinciding with unstable Bitcoin trading days, sparking the anger of traders who have lost their potential profits. the acquisition of Routefire and its execution expertise could restore confidence in this to some extent.
Late last year, Coinbase filed an IPO registration with the US Securities and Exchange Commission. the move was seen by many as another sign of the growing legitimacy of the cryptocurrency market.
Bakkt may go public as a result of a merger:
bakkt, a cryptocurrency trading platform largely owned by the Intercontinental Exchange, is reportedly deeply involved in discussions to go public through a merger with VPC Impact Acquisition Holdings.
bloomberg published an article citing anonymous "knowledgeable" sources claiming that Bakkt was already in advanced merger talks, predicting that an official announcement on the matter could be made as early as next week.
Sources estimate that the combined entity could be valued at over $ 2 billion.
VPC is an acquisitions special purpose vehicle closely associated with Victory Park Capital, an alternative investment firm registered with the Securities and Exchange Commission. VPC CEO John Martin described the company's core strategy as striving to "identify, collaborate and help grow the company in the fintech sector."
bakkt was launched in 2019 and is a regulated, institution-driven platform offering 'physically delivered' Bitcoin futures. Exchange futures generated $ 286 million in trading volume over the past week.
CEO Ripple: "We did not pay exchanges for the possibility of listing XRP":
Why is Ripple silent on the SEC lawsuit? Did the company pay exchanges for the possibility of XRP listing? What about the future of the project? Brad Garlinghouse answered these and several other questions.
Current situation on the stock exchanges:
The day on the stock markets ends with mixed moves. Of the leading cryptocurrencies, only Bitcoin is recording an increase - by 4.7%. On the other hand, we see declines in Ethereum, XRP, Litecoin or Cardano, by 4%, 13%, 0.7% and 9% respectively.
the total market capitalization is $ 1,090.2 trillion and the total turnover is $ 192.9 billion.
