Market Activity

Total Market Cap $1.71T (-4.41%)

24 Hour Volume $119.96B (+2.17%)

Notable Movers Theta Fuel (TFUEL) (+31.46%)

Bitcoin Dominance 59.88% (-0.42%)

Bitcoin Price $55,245.57 (-4.41%)

CoinDesk says Bitcoin's uptrend has slowed as it battles resistance near all-time highs. Bitcoinist says a decrease in Bitcoin whales suggests a bear market is due. Cointelegraph reports that Federal Reserve chairman Jerome Powell believes BTC is more of a substitute for gold than the dollar. Crypto Daily writes that one of China's top miners believes BTC might take a bearish turn.

The Weekend News 🚨

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

Beeple: NFTs '100%' a Bubble 👀

Digital artist Beeple — who recently sold a non-fungible token for a record-breaking $69.3 million — has warned that the NFT sector is a bubble. Speaking to CNN, he urged crypto enthusiasts to be careful about what they buy. Beeple added that the technology underpinning NFTs is here to stay, and has plenty of uses beyond artwork. Read more here.

Ronaldo Scores a World First! ⚽️

Cristiano Ronaldo may have just become the first footballer to be rewarded with cryptocurrency. The Portuguese soccer sensation has been given 770 Juventus fan tokens — one for every goal he's scored in his record-breaking career. They're worth about $11,550 at the time of writing… pocket money considering the striker is worth $500 million. Here's the latest.

Is BTC Coming to Xbox Store? 🕹

Crypto Twitter has been abuzz with screenshots of a poll that Xbox gamers have been invited to fill out. Microsoft asked them whether they would like Bitcoin to be added as a payment method. The company has allowed people to top up their accounts using crypto before. There have been some mixed opinions on whether this would be a good thing. Check out our story.

'The Tip of the Iceberg' 🥶

Michael Saylor has said MicroStrategy's investment in Bitcoin, as well as Tesla's, is the "tip of the iceberg" for institutional involvement in crypto. Speaking to Time, the CEO said the narrative has shifted since Elon Musk added $1.5 billion in BTC to Tesla's balance sheet. MicroStrategy was the first publicly listed firm in the U.S. to hold BTC in reserve. Read more.

Poll of the Day 📣

As Microsoft polls Xbox gamers on whether they want to pay with Bitcoin — we thought we'd poll you! Our question is this...

On a scale of 1-5 (5 being definitely,) would you use Bitcoin to make a purchase?

What You Said 🔊

Back on Friday, we asked you this: On a scale of 1-5 (5 being definitely,) have you forgiven Robinhood for the GameStop saga — and would you use their crypto service?

Thanks for all your responses — 57.5% of you said that you definitely haven't forgiven Robinhood over what happened… but 21.3% are absolutely prepared to give them a second chance. Here's what you had to say…

One admirer writes: "I like using Robinhood — it's a great platform." 😍

But others are rather disapproving: "I don't like companies putting any restrictions on users." 😑

Here's someone who was directly affected by January's drama: "Robinhood cost me thousands on Dogecoin trades, and they screwed me on GameStop. There are better crypto trading platforms out there." 🤬

Your replies are full of drama: "WE WILL NEVER FORGET." 😤

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Crypto Deep Dive 🏊

Today, our attention turns to BitTorrent. Its ticker is BTT and it has a market capitalization of $3,268,576,919at the time of writing — meaning it's 34th in our rankings.

The gist of it 📖

BTT allows downloaders to pay for faster speeds
The token also incentivizes uploaders to seed files for longer

Why people love it 😍

The token's value has surged by 116% over the past seven days
BitTorrent's technology is well established and first launched 20 years ago

Why people doubt it 🤔

BitTorrent has been criticized for allowing copyrighted material to be distributed for free
Over the years, there have been concerns about the levels of malware on the network