Bitcoin Price Sees 5-Month High, The Binance Chain Effect And Olympic Gold Medalist Serena Williams Invests In Coinbase — The Crypto2Cash Chronicle
Easter has passed again and the world of crypto has not been sleeping. Here’s what we’re reading in the Crypto2Cash office today.
Bitcoin Price Sees 5-Month High
After having traded around the $5,000 mark for many days, Bitcoin has seen a price breakout again. Around 4 am, the asset rapidly spiked by more than $200 and reached a new yearly high of $5,650. During the spike, Bitcoin broke through the 200 day moving average, which could indicate even bigger price increases. In the past month, the Bitcoin price has surged from $3,900 to currently $5,550, an increase of over 40 percent. Bitcoin market dominance has also increased and the largest cryptocurrency now makes up for 53.2% of the total market capitalization of all cryptocurrencies. Nearly all Alt-coins are in the green as well, with all top 20 currencies being up on the day, mostly between 3 and 5 percent.
The Binance Chain Effect
Binance is launching it’s Binance Chain to the public at some point today. The chain is the base for the Decentralized Exchange, short DEX and will also see the BNB token swapping it’s mainnet. This will mean, that the Ethereum based version of BNB will be removed from circulation and moved to the Binance Chain, making it a native token. The price of BNB saw a new all time high over the weekend, trading at over $25 last Saturday. The coin started of the year at $6 and saw a nearly incomparable run during the bear market, increasing it’s price by over 400 percent. Many coins that announced partnerships with Binance Chain over the last few days, saw similar price gains, often doubling or tripling in price shortly after the announcement. Partnerships include coins like Enjin Coin or Atomic Wallet, that saw it’s coin increase by fivefold within a day.
Olympic Gold Medalist Serena Williams Invests In Coinbase
World famous tennis players Serena Williams has recently made a big announcement on her Instagram page. The four time Olympic gold medalist revealed that she launched her own investment business called Serena Ventures back in 2014 and invested in over 30 upcoming and diverse companies. The market cap of the portfolio is over $12 billion and the list of companies featured cryptocurrency exchange Coinbase.
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