Coinbase, which went public last week via direct listing, shaved about 10% off its share price this week, but was largely unaffected Friday in intraday trading.
Latest Crypto News: Bitcoin and Ethereum Hit New All-Time Highs, Biden Administration Releases Report on Stablecoins
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Bitcoin price hits new record high - why is Bitcoin up today? Cryptocurrency prices of Bitcoin, ETH and Shiba Inu (Image credit: Getty Images/Canva Pro)
Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend this currency like you would regular money.
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Bitcoin was trading 3.7% higher Friday morning. The price was around $61,200 per coin.
Mr Musk has served as a key for driving up the prices for other major meme coins this year, including Dogecoin and Shiba Inu.
Mr Karkhalev added: "The growth in the capitalisation of the Bitcoin crypto market has also aided confidence.
“I haven’t encountered many who would try to put up more barriers for new users,” said Maria Shen, a partner at Electric Capital, a venture capital firm focused on cryptocurrencies. Still, she added, “the wallet space is fairly competitive, so it’s not unthinkable.”
[SPONSORED] Pixlr announces Pixlr Genesis, a NFT-based movement to build the world’s largest decentralized art museum on the metaverse
I swear, these cozy mop slippers make cleaning fun — and they’re just $17 for five at Amazon
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The price hike of Bitcoin, along with Ethereum, represents another wave of support for major cryptocurrencies as investors and crypto fans hope to usher the coin to a landmark $100,000 in value for 2022.
Further, EverGrow will launch its Play-to-Earn games. Each sort of "Hero" will have its own unique set of powers and limitations in these games. While gamers will be enjoying their gaming experience, EverGrow will give daily login and NFT incentives. These NFTs can be traded with other players or utilized in built-in NFT markets. As a result, players will profit from the economic growth of the in-game assets.
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