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Highlights
- Bitcoin surpassed US$46,000 this morning and is currently sitting at US$46,800 – a jump of over 5% in the past 24 hours.
- A new report suggests that long term holders of Ethereum have been accumulating altcoin to the tune of billions of dollars in recent weeks.
- The price of Ethereum has seen a jump of more than 4% this morning, moving the popular altcoin to just short of US$3,300.
Bitcoin’s price has surged to its highest price since January amidst news that Russia may be open to now accepting Bitcoin for payment for oil and gas as it desperately tries to boost its dipping Ruble.
The world’s flagship cryptocurrency surpassed US$46,000 this morning and is currently sitting at US$46,800 – a jump of over 5% in the past 24 hours.
A top government executive announced that Russia would possibly consider accepting Bitcoin as payment for its oil and gas from “friendly” nations, in an effort to circumvent sanctions imposed by countries like the US and the UK. These sanctions have put tremendous downward pressure on the Ruble.
Altcoin News
A new report suggests that long term holders of Ethereum have been accumulating altcoin to the tune of billions of dollars in recent weeks.
According to market intelligence firm IntoTheBlock, Ethereum investors holding their positions for over a year, grew their positions drastically within a matter of weeks, even as prices of the second largest cryptocurrency plummeted.
Meanwhile, the price of Ethereum has seen a jump of more than 4% this morning, moving the popular altcoin to just short of US$3,300.
This follows a positive week for Ethereum which has seen its price grow by around 15%.
Winners and Losers
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Data Source: CoinMarketCap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
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