While Bitcoin and Ethereum are resting at the key milestones of $60K and $2k respectively, smaller altcoins are darting ahead, pushing the total crypto market cap beyond $2 trillion for the first time.
BNB is the biggest winner of the week with 50% gains, making the market cap of the coin more than $60 billion, bigger than traditional banks including Santander. Close behind, other altcoins have also made big gains, with Zcash, Litecoin, and IOTA all boasting a 16% increase.
Wall Street lifted by job data
What a start of the year! Not only for the financial markets (and especially crypto, hello Bitcoin!), but also for the team here at Delta. Launching our major 4.0 update around the year’s end was quite an undertaking and we fully committed ourselves on small optimisations and fixes before adding new innovations to our extended feature set.
That time is now! We’ve just released our 4.1 update, our first major update since the relaunch of the app as Delta Investment Tracker, allowing users to not only track crypto, but also stocks, ETF’s, forex, indices and more. Here’s what’s new:
Wall Street ends Q1 on a positive note
Prices began rising on Wednesday as the market was uplifted by crypto-themed April Fool’s pranks. The Teletubbies tweeted about Bitcoin to advertise their own imaginary cryptocurrency TubbyCoin, and long-term critic Peter Schiff briefly admitted that he was wrong about the cryptoasset.
Bitcoin is navigating choppy seas, with waves of conflicting sentiment rocking the market below the critical high watermark of $60K.
Prices sank to lows of $50K early in the week on mixed headlines. Two top-tier Wall Street banks announced they were filing for Bitcoin ETFs, while Ray Dalio warned that in “a certain set of circumstances’’ the cryptoasset could be banned in the U.S.
Wall Street finishes in the green
As Americans celebrated Saint Patrick’s Day with a feast of $1,400 stimulus checks, the crypto market turned a fitting shade of green.
Prices surpassed $60K early in the week, with two out of five stimulus checks landing in the crypto market, according to a recent survey. This influx of funds was matched by growing institutional interest, with Morgan Stanley announcing three Bitcoin investment products to meet growing demand.
Wall Street turns red after all-time highs
Bitcoin surged to fresh highs above $60K on Saturday, marking the one year anniversary of the Black Thursday crash with an astonishing show of strength.
The buying frenzy began as another round of government checks hit American’s bank accounts. Biden’s $1.9 trillion plan was signed into law last Thursday afternoon, sparking an optimistic rally across stocks and cryptocurrency markets as millions of $1,400 stimulus checks were distributed.