Market Activity

Total Market Cap $1.81T (+2.51%)

24 Hour Volume $118.24B (-11.82%)

Notable Movers Pundi X (NPXS) (+41.62)

Bitcoin Dominance 60.60% (-0.33%)

Bitcoin Price $59,012.80 (+1.01%)

CryptoSlate says that a new Deutsche Bank report describes Bitcoin as "too big to ignore." Decrypt writes that Bitcoin is now the world's third-largest currency by market cap — adding that Latin America has just got its first-ever Bitcoin ETF. NewsBTC reports that Morgan Stanley is planning to acquire the South Korean exchange Bithumb.

Your Friday News 📰

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Bank of America Criticizes Bitcoin 🤔

A new Bank of America report has ripped into Bitcoin — describing it as "impractical as a payments mechanism or even as an investment vehicle." Analysts also warned any future price gains for the world's biggest cryptocurrency depend on demand outpacing supply. Its research also suggests it takes just $93 million to move BTC's price by 1%. Read more here.

Grumpy Cat NFT Raises $70,000 for Charity 😾

The original Grumpy Cat, Tardar Sauce, died in 2019. But it seems her memory lives on. She has been immortalized in the form of a joke cryptocurrency — and the community has managed to raise $70,000 for an animal shelter in a recent charity drive. This was achieved by selling an NFT based on a photo of the internet sensation. Read more here.

Robinhood Wants to Ramp Up Crypto Service 📈

Robinhood's CEO, Vlad Tenev, has said the company wants to expand its crypto service "as fast as possible" — revealing that some new coins may be added along the way. But in a fireside chat, he admitted that it could take months for the trading platform to recover from the GameStop incident, which caused a flurry of bad publicity. Read more here.

Poll of the Day 📣

As we saw in the news, Robinhood is planning to ramp up its crypto offering. So our question is 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?

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Blockchain Term of the Day: Volatility 😬

The crypto markets are susceptible to regular ups and downs. Here's a reminder of what volatility is...

A statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index.