Bitcoin Sets All Time High Above $61,000

Simon Peters, analyst, eToro

What a difference a year makes for bitcoin

Last week marked the anniversary of Black Thursday, which saw bitcoin futures tumble more that 50% in a day, due to technical failure on the Bitcoin Mercantile Exchange (Bitmex).

Just 12 months on and bitcoin has gone from strength to strength since falling to a low of $3,800 that day – with prices rising over 1,400%.

The case for holding bitcoin has increased over the period, with institutional investors now holding the cryptoasset, as they look to alternatives to fiat currencies. With big corporations also lending their support, the future has never looked brighter for cryptoassets. 

David Derhy, analyst, eToro

World’s first digital NFT based artwork sells for $69 million

MakersPlace and Christie’s have made history by selling Beeple’s 5,000-day art collection for over $60 million. One of the highest art auction sales ever, 353 people submitted bids for the collection, which consisted of 5,000 pieces of digital art produced by Beeple every single day for 14 years.

The sale comes after the Kings of Leon’s decision to release their latest album as an NFT. While this technology is still emerging, the trend is starting to take off, with the potential to revolutionize industries such as property and art, as well as countless others.

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Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been ...

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