Bitcoin nearly touched $50,000 over the weekend before settling down to $45K in the early hours of the Asian trading session. The price of bitcoin (BTC) rose Sunday morning to a new all-time high of $49,716 after a week of positive developments regarding increased Wall Street acceptance of the leading cryptocurrency.
A bullish start to the day saw Bitcoin rise to an early morning intraday high and a new swing hi $48,945.0 before hitting reverse.
Falling short of the first major resistance level at $49,765, Bitcoin fell to an early afternoon intraday low $47,397.0.
Steering clear of the first major support level at $45,084, Bitcoin revisited $48,000 levels before falling back into the red.
MicroStrategy is moving to assemble a blockchain analytics team. It would be the first bitcoin-related software product from a company best known for CEO Michael Saylor’s whopping bet on BTC as a reserve asset.
The firm, based in Tysons Corner, Va., put out calls on LinkedIn Friday for a Blockchain Data Analyst and Blockchain Data Engineer, explaining in job postings they will join a team “building an analytics platform with advanced metrics and insights for Bitcoin.”
MicroStrategy hinted last November its interest in building blockchain data products and even stated its intention to hire for them. Executives did not go public then with positions of interest and remained largely mum on program specifics, describing it as a potential data offering at the time.
What Happened: Counterpoint is considering making bets on Bitcoin as pressure mounts on investment firms to provide exposure as investors watch the cryptocurrency skyrocket, Bloomberg has reported, citing anonymous sources.
The move would require regulatory approval, and Counterpoint still could decide not to make the move, Bloomberg noted.
Uniswap Broke Records today for the first decentralized exchange to break $100 Billion in Volume.
Today's All Time Highs in DeFI
DaoVentures launched it's IDO on Polkastarter today, Superfarm, Polkamarkets, and Fractal launch later this month, let the staking begin! Fusi is expected to launch in February but has not set a date.