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

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$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 🔥

👉 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.

👉 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.

👉 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.