SShortSingh.
Back to feed

Bitcoin tops $80,000 for first time since May, surges 25% in seven days

0
·4 views

Bitcoin crossed the $80,000 mark for the first time since May, continuing a strong upward run. The cryptocurrency extended its seven-day gain to approximately 25%. The milestone reflects a significant rally in Bitcoin's price over a relatively short period. The latest surge pushed Bitcoin back into price territory it had not seen in several months.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

POSCO Tokenizes Trade Receivables on Avalanche in Major Blockchain Finance Move

South Korean steel and trading conglomerate POSCO, valued at approximately $22 billion, has moved its trade receivables onto the Avalanche blockchain. The company partnered with financial technology firms Olea and Intain to execute the tokenization transaction. This move represents a growing trend of large corporations bringing traditional financial assets onto blockchain networks. The development follows a separate pilot conducted last month involving LG CNS on the Injective blockchain, signaling broader adoption of tokenization in South Korean industry.

0
Crypto & Web3CoinDesk ·

LayerZero Launches Trading Infrastructure for Crypto and Tokenized Assets

LayerZero has unveiled a new trading infrastructure designed to serve both cryptocurrency and tokenized markets. The system operates on LayerZero's own Zero blockchain network. Financial giant Citadel Securities is backing the initiative, signaling strong institutional interest. Major market institutions DTCC and ICE are also exploring potential applications for the infrastructure. Following the announcement, LayerZero's native token ZRO saw a significant price surge.

0
Crypto & Web3CoinDesk ·

Bitwise Builds AI and Robotics Portfolios Using Coinbase Tokenized Stocks

Crypto ETF issuer Bitwise has launched automated investment portfolios focused on AI, robotics, and technology sectors using Coinbase's tokenized stocks. The move represents a deeper push by Bitwise into onchain asset management. Tokenization of traditional stocks is enabling new methods of constructing and managing investment portfolios. The development highlights how blockchain-based financial products are increasingly intersecting with conventional equity markets.

0
Crypto & Web3CoinDesk ·

Copper Seeks Buyers at $500M but Offers Fall Short of Asking Price

Crypto custody firm Copper is currently in talks with potential buyers after being put up for sale. The company was marketed by investment bank Cantor Fitzgerald at approximately $500 million in May 2024. However, offers received so far have come in significantly below the $500 million asking price. This marks a steep decline from Copper's peak valuation of $2.5 billion, reflecting broader challenges in the crypto industry.