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The global cryptocurrency market cap now stands at $2.57T, down by -1.42% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $67,460 and $69,500 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,923, up by 0.51%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BEAMX, JASMY, and ORDI, up by 36%, 20%, and 17%, respectively.
Top stories of the day:
KPMG Foresees Coexistence of Multiple Digital Currencies in Financial Market over Next Decade
CryptoQuant CEO: Bitcoin's Market Atmosphere Mirrors Mid-2020, $1 Billion Daily Additions to New Whale Wallets
Global Cryptocurrency Ownership Expected To Reach 562 Million By 2024
US Bitcoin Spot ETF Sees Net Inflow of $48.8 Million
Expectations for Fed Rate Cut Increase Amid Weak GDP Data; April's PCE Inflation Index Eyed
Spot Ethereum ETF Likely To Launch In The US By June
QCP Capital: BTC Successfully Holds $67,100 Level; Launch of ETH Spot ETF May Offer Benefits
SEC Calls for Amended S-1 Form from Potential Spot Ethereum ETF Issuers
JPMorgan Chase: Ethereum Spot ETF Might Garner $3B in Inflows in 2021, Doubling if Staking is Permitted
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The US Giant Company Listed on Nasdaq Announced That It Purchased a Large Amount of Bitcoin!
American health technology company Semler Scientific announced that it purchased 581 #Bitcoins for a total of $40 million. According to Prnewswire, the company also stated that it started accepting Bitcoin as a reserve asset.
Eric Semler, president of Semler Scientific, said in a statement: “Our adoption of #Bitcoin as a reserve asset and our purchase of #BTC underscores our belief that Bitcoin is a reliable store of value and an attractive investment.
Bitcoin is now a major asset class with a market capitalization of more than $1 trillion. We believe it has unique properties as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability.
In addition, features such as digital and architectural durability make #Bitcoin preferable to gold, which has a market value of approximately 10 times.
Given the difference in value between gold and Bitcoin, we believe #Bitcoin has the potential to generate huge returns as it becomes increasingly accepted as digital gold.
We are also empowered by the growing global acceptance and 'institutionalisation' of Bitcoin; This is reflected in the latest SEC approval of 11 Bitcoin exchange-traded funds in January 2024.” #BTC