📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $31,497
Bitcoin price has stabilized above $31,000 following yesterday’s tumble, as the market appears to be reaching key decision point.
Top-20 altcoins have performed poorly over the last 24 hours, with Ethereum falling 5%, XRP tumbling 15% and Solana dropping a significant 23%.
Top Stories for June 22, 2021 🔥
Business intelligence company MicroStrategy has completed its latest purchase of Bitcoin, this time buying more than 13,000 BTC for a total of $489 million.
The purchase comes after MicroStrategy’s recent $500 million offering of secured notes, which are due 2028 with an annual interest rate of 6.125%.
Since it began buying Bitcoin, MicroStrategy has accumulated 105,085 BTC, with an average price of around $26,080 per coin.
Sotheby’s, the renowned luxury auction house, will be accepting bids in Bitcoin and Ethereum for a 101.38-carat diamond up for auction next month.
Bids of up to HKD$118 million (around USD$15 million) are expected for the stone, whivh would equate to roughly 454 BTC at current market prices.
Grayscale’s parent company, Digital Currency Group (DCG), has announced that it plans to purchase up to $50 million worth of shares in Grayscale’s Ethereum Classic Trust.
The move by DCG appears to be an arbitrage play, capitalizing on a difference in price between shares in the trust and the market value of the underlying assets. The purchases will be made with cash on hand, on the open market.