...And NFT Sales Are Going Crazy 👀
 | Total Market Cap $1.53T (+2.52%) |  | 24 Hour Volume $196.37B (-1.99%) |  | Notable Movers IOST (IOST) (+33.52%) | | | | Bitcoin Dominance 61.79% (+0.36%) | | Bitcoin Price $51,256.96 (+4.32%) | | | | |
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| | Today's Top Stories 📰 | Learn all about crypto at Alexandria, your new online crypto source! | | | |  | | After spending a few minutes above $50,000 on Tuesday, Bitcoin smashed through this all-important price barrier on Wednesday. Veteran trader Peter Brandt says BTC is currently undergoing its third parabolic advance in 10 years, describing this as "extremely rare." Blockstream CSO Samson Mow has declared that "$50,000 Bitcoin is the new normal." Here's the latest.
| | | | JPMorgan has poured cold water over the narrative that institutional investors are fueling Bitcoin's rally. The bank says just $11 billion of institutional money has flowed into BTC since September… but the cryptocurrency's market cap has surged by $700 billion. Analysts also said BTC's current price "looks unsustainable." Find out what they've been saying. | | |
| A YouTuber with a passion for vintage Hondas has revealed that he paid for a $30,000 car using Bitcoin that's now worth $15.6 million. Chris Cut paid 30.5 BTC for the Honda NSX Targa in 2017, when Bitcoin was trading at just $1,000. In a new video, he said: "I started doing some math and it made me kick myself in the ass." Read more here. | | |
| A pixelated picture of a male "punk" has sold for $136,000 — four years after the original owner got it for free. Punk #1651 is one of 10,000 in existence, which bizarrely makes it a "rare" commodity in the realm of NFTs. The auction is the latest sign that the market is getting overheated, with $100 million in NFTs sold over the past 30 days. Read more. | | |
| Coinbase has opened its waitlist for ETH 2.0 staking. The exchange is allowing users who are interested in locking up some of their Ether to sign up, meaning they will be "first in line" for staking rewards. It could end up proving popular, especially among crypto investors who don't have the 32 ETH required to launch their own validator node. Read more here. | | | |
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