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Highlights
- Bitcoin is now valued at US$59,894 following its record high of almost US$69,000 last week
- The Perth Heat entered into a sponsorship deal with OpenNode – a Bitcoin payment company
- Money has been injected into DeFi projects such as Avalanche, Crypto.com and Curve DAO, which have posted double figure gains since Bitcoin’s drop off
First is Bitcoin, which dropped below US$60,000 overnight, continued its market tumble over the past three days.
Along with losses from the largest ranked cryptos by market cap, including Cardano, Solana, Ripple and Ethereum, the total wiped from the crypto market is now around a whopping US$400 billion.
Bitcoin is now valued at US$60,472.07, following its record high of almost US$69,000 last week.
Meanwhile, Ethereum – the second-largest crypto – gained around 2% in last 24 hours ago, sitting at US$4,306.11 at the time of writing.
Perth Baseball Team Makes Crypto History
An Australian baseball team has become the world’s first professional sports team to pay its players and staff in Bitcoin.
The Perth Heat made the announcement after entering into a sponsorship deal with OpenNode – a Bitcoin payment company.
Additionally, the players on the Heat will also accept the crypto for sponsorships, merchandise and ballpark concessions like peanuts and hotdogs.
CEO of the Heat, Steven Nelkovski, has praised the deal saying it will allow the club to reach new levels if success and also remind people of the value of sports.
Altcoin News
The money flowing out of the top cryptos, like Bitcoin has been injected into DeFi projects such as Avalanche, Crypto.com and Curve DAO, which have posted double figure gains since Bitcoin’s drop off.
Crypto.com is a decentralised, open-source blockchain developed by the Crypto.com payment and trading services company.
Avalanche is a layer one blockchain that functions as a platform for decentralised applications and custom blockchain networks.
Curve is an Ethereum token that powers Curve.fi - a decentralised exchange and automated market maker protocol.
The positive performance by these three tokens signals a shift towards decentralised finance platforms.
Winners and Losers
Source: Coinmarketcap.com, based on top 100 cryptos.
Image Source @ 2021 Kalkine Media
