Bitcoin prices surged to a new record high on Thursday on the heels of BNY Mellon’s disclosure that it will soon hold, transfer and issue cryptocurrencies.
Bitcoin whales are moving large amounts of BTC as an anonymous crypto user moved 2,292 BTC from crypto exchange, Coinbase to an unknown wallet.
Eight US Congress members sent a letter to the US Treasury Secretary Steven Mnuchin raising concerns over proposed KYC regulations of cryptocurrency assets.
Ethereum posted a significant gain in 2020 as the price of ETH increased by more than 450%. Ethereum has performed better than Bitcoin this year.
Bitcoin is set to end 2020 with more than 300% gain but BTC investors are worried about high volatility and an uncertain regulatory environment in 2021.
Bitcoin reached a total market cap of $540 billion yesterday as BTC became more valuable than Warren Buffet’s Berkshire Hathaway.