...And 'Healthy Correction' as BTC Breaks $50,000 😍
 | Total Market Cap $1.53T (+6.97%) |  | 24 Hour Volume $182.20B (-29.67%) |  | Notable Movers Stacks (STX) (+58.45%) | | | | Bitcoin Dominance 61.11% (-0.65%) | | Bitcoin Price $49,643.96 (+5.45%) | | | | | | | | Banking on Crypto: Earn, Borrow & Exchange with Nexo.io | | | - Earn up to 12% Interest on Crypto, Stablecoins & Fiat
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Get started at nexo.io | | | | | | Today's Top Stories 📰 | Learn all about crypto at Alexandria, your new online crypto source! | | | |  | | Fears that BTC could crash for a third day running have subsided — with the world's biggest cryptocurrency returning to $50,000. Some analysts are now describing Tuesday's drama as a "healthy correction." Analysts at Bespoke Investment Group have even said the pullback is "relatively modest" in historical terms. Find out how altcoins have been performing today.
| | | | Bitcoin's recovery was likely aided by the news that two big companies have taken the opportunity to snap up more crypto. MicroStrategy has spent a cool $1 billion on buying 19,452 BTC after engaging in some aggressive borrowing. Meanwhile, Square has doubled down on its investment — buying 3,318 BTC for $170 million. Here's what they had to say. | | |
| An exchange glitch meant crypto traders were able to buy Bitcoin for just $6,100. Some users of PDAX, a platform based in Southeast Asia, were able to withdraw the discounted BTC. Now, they're being warned they could face legal action unless they give it back. Awkwardly, PDAX's terms and conditions say orders are "final and irreversible." Read more here. | | | | | A new report suggests up to 1 million BTCcould be used as collateral in the lending market by 2023. Arcane Research's estimates suggest that 420,000 BTC is currently used in this way — and growing demand could make a positive impact on prices. Many firms offer high interest rates to lenders, but they could fall as more liquidity is provided. Read more here. | | |
| The latest figures from Crypto.com suggest there were 106 million crypto users globally in January — compared with 66 million in May 2020. Growth in demand coincides with price strength in Bitcoin — and the launch of PayPal's crypto service last user also helped. A spike last August was attributed to the popularity of decentralized finance. Here's the latest. | | | | Take a quiz! Earn $CKB and $1INCH Tokens | | | Learn about one of the most popular DeFi projects Nervos Network and 1inch! Watch the series, complete quizzes & learn how you earn more with your digital assets.* Learn More
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