...And NFTs 'Have Parallels' to ICO Boom 🥺
 | Total Market Cap $1.47T (-1.75%) | | 24 Hour Volume $122.96B (-7.92%) |  | Notable Movers Curve DAO Token (CRV) (+23.86%) | | | | Bitcoin Dominance 60.79% (-0.36%) | | Bitcoin Price $47,840.22 (-2.47%) | | | | |
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| | Today's Top Stories 📰 | Learn all about crypto at Alexandria, your new online crypto source! | | | |  | | BTC fleetingly topped $50,000 early on Tuesday in a blink and you'll miss it moment. The world's biggest cryptocurrency hit highs of $50,127.51 before tumbling into the $40,000s again. Bitcoin is now trading above its 100-hour and 200-hour averages — a bullish signal for analysts. It's the first time BTC has broken this level since last Thursday. Read more.
| | | | One of America's biggest Bitcoin ATM providers has announced that Dogecoin can now be bought and sold at 1,800 of its machines. CoinFlip says the announcement "validates the legitimacy of DOGE" — and the company is set to "encourage further support of this cryptocurrency in the coming months." Elon Musk will be thrilled. Here's the latest. | | |
| Crypto.com is going to be sponsoring the Aston Martin Cognizant Formula One team as part of a multi-year deal. Both brands are set to deliver exclusive experiences for traders and fans. According to Business Insider, non-fungible tokens could be high on the list of priorities for both brands — with sales on NBA Top Shots going through the roof. Find out more. | | | | | Litecoin founder Charlie Lee has doubled down on his warnings about NFTs. In a tweet, he said he sees a "lot of parallels" between non-fungible tokens and the ICO boom of 2017, as well as the altcoins craze in 2013. Although a few NFTs will hold and have value in the years to come, he fears that most won't. Read what he had to say on CMC Alexandria. | | |
| British Chancellor Rishi Sunak is reportedly planning to introduce a big hike to capital gains tax in tomorrow's Budget — something that would be very bad news for Bitcoin investors. Estimates suggest that the policy could raise £14 billion at a time when finances are suffering because of COVID-19. Selling BTC for a profit is a taxable event. Read more. | | | |
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