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Bitcoin Crosses $71,000, Ether Jumps 19%

Cryptocurrencies surged after the US SEC asked exchanges to update filings for ether ETFs. Bitcoin hit $71,957 and ether reached $3,805.

• Main Points:

  • Price Surge: Bitcoin jumped to $71,957, Ether to $3,720.80.

  • Market Reaction: Driven by SEC's request to update ether ETF filings.

  • Current Values: Bitcoin at $71,334.89, a market cap of $1.4 trillion. Ether at $3,684.90, market cap $442.66 billion.

  • Trading Volumes: Bitcoin $52.06 billion, Ether $36.30 billion.

  • President’s Plan: Bukele committed to daily Bitcoin purchases.

• Detailed Insights:

  • ETF Speculation: Ether's rise is linked to potential ETF approval, with SEC moving in a positive direction.

  • Price Movements: Bitcoin rose over 6%, and Ether surged 19% in 24 hours.

  • Additional Gains: Layer-2 protocols like ARB and OP saw over 18% gains.

  • Market Momentum: Bitcoin is up 161% in two quarters due to ETF excitement and potential Fed rate cuts.

  • Password Recovery Spike: Firms report increased requests for wallet password recovery amid rising crypto prices.

  • El Salvador Mining: Nearly 474 bitcoins mined using geothermal energy, total holdings now 5,750 BTC.

Related: Kiyosaki’s Alert: BRICS Crypto Threat to US Dollar

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David Bailey on Bitcoin Inc.'s Pivot and Bitcoin Asia Conference

David Bailey, CEO of Bitcoin Inc., discusses the company’s shift to Bitcoin and highlights from the Bitcoin Asia Conference.

• Main Points:

  • Strategic Shift: In 2018, Bitcoin Inc. pivoted exclusively to Bitcoin, dropping all other cryptocurrencies.

  • Lessons Learned: Bailey attributes success to critical decisions despite numerous mistakes.

  • Conference Highlights: The Bitcoin Asia Conference promotes Bitcoin growth and innovation.

  • Layer Twos & Stablecoins: Bailey talks about the role of Layer Twos and his views on stablecoins.

• Detailed Insights:

  • Decision to Focus on Bitcoin: The shift in 2018 was driven by a need for clear direction and conviction in Bitcoin.

  • Learning from Mistakes: Bailey emphasizes that making the right decisions at critical times is key to success.

  • Bitcoin Conference Impact: Despite initial skepticism, the conference has become crucial for Bitcoin innovation.

  • Clarifying Layer Twos: Clear definitions are necessary to ensure accurate discussions about Bitcoin's Layer Twos.

  • Views on Stablecoins: Bailey is against stablecoins but acknowledges their utility and market demand.

Related: Mark Cuban’s SEC Critique and Crypto Regulation

8 Things You Can Buy with Bitcoin

In honor of Bitcoin Pizza Day, here's a look at some items you can purchase using cryptocurrencies.

1. Fast Food at McDonald’s

   Since 2021, El Salvador has accepted Bitcoin as legal tender. McDonald's, Starbucks, and Pizza Hut in El Salvador allow Bitcoin payments for meals.

2. Tesla Merchandise

   While Tesla stopped accepting Bitcoin for cars due to environmental concerns, it accepts Dogecoin for items like the Cyberquad for Kids and Cyberwhistle.

3. Luxury Cars

   Lamborghini, Ferrari, BMW, and Nissan dealerships in the U.S. accept Bitcoin and other cryptocurrencies for vehicle purchases.

4. AMC Movie Tickets

   AMC Theaters accept Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, and several other cryptocurrencies for tickets, food, and drinks.

5. Luxury Goods on BitDials

   BitDials offers luxury watches from Rolex and bags from Chanel, Hermès, and more, exclusively through cryptocurrency payments.

6. Tech and E-commerce Products

   Newegg accepts Bitcoin for computer hardware and electronics. AT&T customers can use BitPay to pay bills with Bitcoin. Overstock and Shopify also support crypto payments.

7. Plane Tickets

   CheapAir and Alternative Airlines accept Bitcoin and other cryptocurrencies like Bitcoin Cash, Dai, Ether, and Dogecoin for booking travel.

8. Education

   The King’s College in New York, Lucerne University of Applied Sciences in Switzerland, and the American University of Paraguay accept Bitcoin for tuition payments.

Celebrate Bitcoin Pizza Day by exploring the growing list of things you can buy with cryptocurrency!

Related: Bitcoin’s Recovery

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Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎