Digital Currency Group To Buy Extra $500M GBTC – May 4

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $56,271

Bitcoin price has slipped back into the $56,000s today, as the markets appear to be cooling off after a strong run led by Ethereum.

Top-20 altcoins have had mixed performance over the last day of trading, as Ethereum gains 5%, XRP falls 8% and Dogecoin rises 26%.

Top Stories for May 4, 2021 πŸ”₯

πŸ‘‰ Digital Currency Group To Buy Extra $500M GBTC

Digital Currency Group (DCG), parent company of Grayscale, has announced that it will purchase an additional $500 million of GBTC shares.

GBTC is Grayscale’s Bitcoin trust, which has seen its shares trade at a substantial discount to the price of the trust’s underlying Bitcoin assets under management.

DCG has already purchased almost $200 million of GBTC shares already, following its original plan made in March.

πŸ‘‰ Deribit ETH Options Volume Passes That Of BTC For First Time Ever

Options trading volumes for Ether (ETH) has surpassed that of Bitcoin options on the popular Deribit exchange, for the first time in history.

Ether’s options volume measured at $1.32 billion on Monday, significantly larger than the $880 million of volume for Bitcoin options contracts.

πŸ‘‰ eToro Lists Dogecoin, Sparking New DOGE All-Time High

Global brokerage platform eToro has listed Dogecoin (DOGE) overnight, leading to a new all-time high on the meme-inspired cryptocurrency.

The coin reached as high as $0.4876 upon the news, in anticipation of 20 million users gaining access to the cryptocurrency once DOGE trading goes live on eToro.