Week in review: Apr 16, 2021 - Bitcoin Breaks $63K & Coinbase Goes Public

Week in review Apr 16 2020 - Bitcoin Breaks $63K & Coinbase Goes Public

After three months of consolidation, buyers have finally regained strength as BTC reached an all time high above $63k. Coinbase went public through a direct listing on Wednesday afternoon. Turkey banning crypto payments? Read the weekly round up below.

Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation

Coindesk: April 13, 2021

Bitcoin (BTC) is currently trading around $62,600, after pushing early Tuesday to a new all-time high above $63,000. After three months of consolidation, buyers have finally regained strength. Support is seen around the breakout zone of $60,000.

Bitcoin and Ether Set Fresh Record Highs Ahead of Landmark Coinbase Listing

CNBC: April 14, 2021

Bitcoin and other cryptocurrencies surged to new heights Wednesday, with the most popular coin breaking above $64,000 before Coinbase’s highly anticipated stock market debut, before fading in afternoon trading.

Coinbase’s Public Listing Is a Cryptocurrency Coming-Out Party

NY Times: April 14, 2021

On Wednesday, digital or cryptocurrencies took their biggest step yet toward wider acceptance when Coinbase, a start-up that allows people to buy and sell cryptocurrencies, went public. Coinbase shares began trading at $381 each, up 52 percent from a reference price of $250.

Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

Visual Capitalist: April 12, 2021

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

MicroStrategy Board of Directors Now Paid In Bitcoin

Decrypt: April 13, 2021

The board of analytics software company MicroStrategy is now paid in Bitcoin, according to the company's CEO Michael Saylor.

Turkey To Ban Cryptocurrency Payments

CoinTelegraph: April 16, 2021

A new ban in Turkey will prohibit crypto holders from using their digital assets for payments in addition to preventing payments providers from providing fiat onramps for crypto exchanges.

SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be 'Foolish' to Try

Bitcoin.com: April 13, 2021

SEC Commissioner Hester Peirce compares banning bitcoin to shutting down the internet, stating that governments would be foolish to try. She also offers some insights into whether the SEC will approve a bitcoin exchange-traded fund (ETF) this year.

BlackRock CEO Sings Bitcoin’s Praises as Future ‘Great Asset Class’

Decrypt: April 15, 2021

Larry Fink, who previously called the cryptocurrency “an index for money laundering,” has come around on Bitcoin.

BlackRock CEO Larry Fink today said that he is “fascinated” by Bitcoin and that the cryptocurrency could soon become a “great asset class.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.