Bitcoin Subreddit Reaches 2M Subscribers Following GME Saga – February 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $34,101

Bitcoin price somewhat corrected from its large spike over the weekend, now sitting around the $34,000 mark to begin Monday.

Top-20 altcoins have mostly performed well over the last 24 hours, led by XRP which had a large 53% gain for the day. Dogecoin also posted a considerable gain of 40%, while Ethereum falls 1%.

Top Stories for February 1, 2021 πŸ”₯

πŸ‘‰ Bitcoin Subreddit Reaches 2M Subscribers Following GME Saga

The Bitcoin subreddit has reached 2 million subscribers, as 200,000 new users join in a matter of days following the GameStop saga.

It now ranks as the 178th most popular subreddit on the website, out of over 100,000 active sub-forums on the website.

Metrics show that the growth of the Bitcoin subreddit had been gradual until last week, coinciding with the GME short-squeeze and mentions by billionaire Elon Musk.

πŸ‘‰ Visa CEO Says Company May Add Crypto To Payments Network

The CEO of payments giant Visa has stated that the company may add cryptocurrencies to its payment network, in a strategic partnership with wallets and exchanges.

Users may soon be able to purchase crypto more directly with their Visa credentials, as well as cash out via their service to make a fiat purchase with Visa merchants.

πŸ‘‰ Uniswap Hits $30 Billion Trading Volume Over Month Of January

Decentralized exchange Uniswap has posted a substantial $30 billion worth of trading volume over the month of January, doubling the figure for December.

It has been a big month for the decentralized exchange, which was also added to the Bitwise Investments large cap index fund after reaching the top-10 cryptocurrencies by market cap.