DailyCryptonews by cryptoborges - 29/01/2021

Hi huys hope you enjoy your daily dose of crypto news.

Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in Shorts

The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.

That one word addition caused the price of bitcoin to spike to a 10-day high of $38,020 and sparked $387 million worth of short liquidations on major exchanges including Binance, Bitfinex, BitMEX, ByBit, Deribit, FTX, HuobiDM and OKEx. 

However, sentiment turned bullish after Musk changed his Twitter bio and tweeted: “In retrospect, it was inevitable.” The Tesla and SpaceX CEO, who has made no secret of his loathing for short-sellers, may not haven intended to have caused the liquidations, but may have popped the cork on a bottle of champagne after viewing the carnage his bio change wrought.

Visa Wants to Work with Exchanges, Wallets on ‘Digital Gold’ Bitcoin

The CEO of payments giant Visa has stated that the firm wants to “work with wallets and exchanges” on handling crypto and has called bitcoin and other “cryptocurrencies” “digital gold.”

fter differentiating a divide between “cryptocurrencies that represent new assets such as bitcoin” and “digital currencies and stablecoins” backed by fiat holdings, he stated,

“We see all [cryptocurrencies] as digital gold. They are predominantly held as assets that are not used as a form of payment in a significant way at this point. Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto our Visa credential to make fiat purchase[s].”

The Visa chief appeared to be keen to leave the door open for all crypto projects that show promise, pledging that should “a specific digital currency become a recognized means of exchange, there’s no reason why we cannot add it to our network, which already supports over 160 currencies.”

Dogecoin Blasts Into Top 10, And Leaves

Yesterday, it was the 33rd largest cryptoassets by market capitalization, today it was 7th, before dropping to the 12th position.

This is the second coordinated DOGE pump in less than a year. Last summer, the TikTok community unsuccessfully tried to lift the price of the coin to USD 1.

he 24-hour DOGE trading volume now stands at USD 27.6bn. Earlier today, it was even higher than ethereum trading volume, which is now above USD 45.5b.

Coinbase comes back online following issues

WallStreetBets Coin becomes #1 on CoinMarketCap... kind of

TOP 10 STONKS CRYPTOCURRENCIES LAST 24 Hd6c3f8360152eaac778bf5226c647e9c0562b3eea2deebadb8e8c699e47e2570.png

images via coinmarketcap



images via coinmarketcap

It's all for today guys see you tomorrow with more news.

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Francisco Borges
Francisco Borges

Hi, I'm Francisco Borges and I'm an ethusiastic of crypto world. I believe that the crypto is going to lead the world in the near future. (Sorry for my bad english)

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