Binance Coin Hits New All Time High, Bitcoin Recovers From Large Dump, Bitcoin Appears On 60 Minutes — The Crypto2Cash Chronicle
Here’s whats happening in the word of crypto and blockchain today!
Binance Coin Hits New All Time High
Binance Coin has hit a new all year high over the weekend. The coin was temporarily trading at almost $30 yesterday and continues it’s unbelievable rise since the start of the year, when it was trading at just $6. BNB is currently down a little over 3 percent, trading at $28.50, however it managed to regain it’s spot as 7th largest cryptocurrency by total market capitalization. The sharp price increase is most likely linked to the fact, that withdrawals and deposits were restarted again on the Binance trading platform, after hackers stole around 7,000 Bitcoin earlier this month.
Bitcoin Recovers From Large Dump
Bitcoin has recovered from the large price drop last Friday, when the price of the largest cryptocurrency dropped by almost $1,000 within a matter of minutes, after a large order of 5,000 Bitcoin was sold for just $6,200. The coin is currently trading at around $7,900, a little lower than before the weekend and is currently down around 3.5%, after shortly hitting highs of $8,300 yesterday night. The Bitcoin dominance continues to be very high, currently sitting at 57%.
Bitcoin Appears On 60 Minutes
CBS News aired an episode of 60 minutes about Bitcoin Yesterday. 60 minutes is a news magazine, which gave it’s debut in 1968 and still averages around 12 million viewers per episode. The episode takes a look at the unknown creator of Bitcoin, Satoshi Nakamoto, features interviews with early adopter Charlie Shrem and talks about the Blockchain technology. This kind of exposure is crucial for the mainstream adoption of cryptocurrencies, as it gives a simple explanation to what cryptocurrencies are, to a large audience.
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