Market Activity

Total Market Cap $1.63T (+6.76%)

24 Hour Volume $211.13B (+26.85%)

Notable Movers Crypto.com Coin (CRO) (+65.94%)

Bitcoin Dominance 61.55% (+0.32%)

Bitcoin Price $53,709.07 (-6.38%)

NewsBTC asks whether a bearish bias is returning after Bitcoin's fall on Monday. Decrypt reports that BTC broke records before shaving off $70 billion in a matter of hours — adding that other coins suffered a similar fate. Cointelegraph features a story of a delivery driver who received a $5 tip in Bitcoin back in 2013 — and has now sold it for a cool $400.

The Weekend News 🚨

Learn all about crypto at Alexandria, your new online crypto source!

Bitcoin Loses $50,000

BTC has plummeted by more than 10% over the past 24 hours — dipping below $49,000 at one point. The dramatic fall has wiped billions off the cryptocurrency's market cap. Bitcoin had managed to break $58,000 on Sunday. So far in 2021, BTC has tended to make its biggest moves on weekends. Find out what JPMorgan thinks Bitcoin's fair value should be.

Tesla is in the Money

New research suggests that Tesla has made more than $1 billion in profit since it bought $1.5 billion of Bitcoin. That's more than the company likely made by selling electric vehicles for the whole of 2020. Even though you'd think that Elon Musk would be in a celebratory mood, he tweeted that BTC and ETH were "too high" over the weekend. Awkward. Read more here.

Slam Dunk for NBA Top Shot

NBA Top Shot sales have exceeded $33 million over the past 24 hours — a new record. The platform offers crypto collectibles of top moments from American basketball. Some tokens have sold for a cool $100,000. CryptoPunks, Hashmasks and the football-focused platform Sorare have also been generating millions of dollars of sales between them over the past 24 hours. Read more here.

India's Crypto Clampdown

India is telling companies that are planning to hold IPOs to sell their Bitcoin holdings before raising money. It comes as the country continues to explore plans to ban crypto trading altogether. Reports suggest India wants to avoid a situation where a company holds BTC as a reserve asset, like MicroStrategy does in the U.S. Read more here.

Poll of the Day 📣

Elon Musk has been at it again. Over the weekend, he was tweeting about Bitcoin… and suggested that prices are too high. BTC then tumbled. So, our question is this…

On a scale of 1-5 (5 being definitely,) should Elon Musk stop tweeting about crypto?

What You Said 🔊

Back on Friday, we asked you this: On a scale of 1-5 (5 being definitely,) will Bitcoin's market cap still be above $1 trillion one year from now?

Thanks for all your responses — the results were decisive. A staggering 67.9% of you said BTC's market cap will definitely be above $1 trillion in 2022, while 4.1% think this certainly isn't going to happen. Here's what you had to say…

One fan writes: "It is only going to get rarer and governments can't inflate it away to nothing!" 🚀

Another adds: "Bitcoin is like owning a house — its price mostly appreciates." 😍

This reader has been dusting off their crystal ball: "I could see BTC going to $400,000 by the end of the year, then plummeting back down to $80,000, which will still be above $1 trillion." 📈

Here's another optimist: "It is now one of the safest places to put one's savings. As it becomes bigger, volatility will reduce." 💰

Others are striking a note of caution: "It will be above $1 trillion — but in a few years, not in one year." 👀

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
(Not available in certain countries, check FAQ for details)

Crypto Deep Dive 🏊

It's showtime for a trending crypto project.

Today, our attention turns to Binance Coin. Its ticker is BNB and it has a market capitalization of $38,906,164,752 at the time of writing — meaning it's 3rd in our rankings.

The gist of it 📖