Bitcoin Posts New All-Time Highs On Several Exchanges – December 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,477

Bitcoin price has surged over the last day of trading, hitting new all-time highs on some exchanges, while stopping short on others.

Top-20 altcoins have also risen alongside Bitcoin, as Ethereum gains almost 6%, XRP jumps over 8%, and Litecoin leads the way with a 13% rise.

Top Stories for December 1, 2020 πŸ”₯

πŸ‘‰ Bitcoin Posts New All-Time Highs On Several Exchanges

Bitcoin has reached new all-time highs in price on crypto exchanges Binance, Bitstamp and Kraken, as other major assets take a hit.

Despite also being regarded as a safe-haven asset, gold is down 0.47% for the day and has performed poorly all of November, while the Dow Jones Industrial Average fell over 1.4%

πŸ‘‰ BitMEX Appoints Former German Stock Exchange Exec As CEO

A former German stock exchange executive has been appointed as the new CEO of crypto derivatives exchange BitMEX, by holding group 100x.

Alexander Hoptner, the former CEO of the German stock exchange known as Borse Stuttgart GmbH, will assume his new position with BitMEX beginning in January 2021.

πŸ‘‰ European Central Bank’s Lagarde Says Stablecoins Pose Serious Risk

Christine Lagarde, President of the European Central Bank, has been quoted in an article saying that stablecoins could threaten financial security if they become adopted on a large scale.

Lagarde goes on to make a case for a digital euro in the article, meanwhile denouncing other cryptocurrencies and stablecoin projects – possibly hinting at Facebook’s Libra.