“Bitcoin Price Breaks $29K, Why BTC Is Likely To Hit $30K” Daily Crypto Report 31/12/2020

Price Change Today:

Bitcoin Price (BTC) is up 2.29% at $29088.11,

Ethereum Price (ETH) is up 0.42% at $744.26,

and, Litecoin Price (LTC) is down 3.24% at $126.93.

Top Gainers in 24 Hours are:

UNI is up 18.96%,

DOT is up 10.85%,

and, KSM is up 9.62%.

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Top Crypto Headlines for 31/12/2020 are:

1. This Ethereum Defi protocol gained $1 billion in deposits in the 12 hours after its launch

A protocol that launched yesterday evening garnered $1 billion worth of deposits in the 12 hours after its launch, making it the fastest-growing “money game” thus far. For some context, Yam Finance, widely regarded as the most well-known yield farming experiment, garnered around $400 million worth of deposits in the two days after its launch.

2. Bitcoin Price Breaks $29K, Why BTC Is Likely To Hit $30K

Bitcoin price extended its upward move and traded to a new all-time high near $29,250 against the US Dollar. BTC is likely to continue higher towards the $30,000 level. Bitcoin price is gaining bullish momentum above $28,400 and it broke the $29,000 level. The bitcoin price traded as high as $29,274 and settled well above the 100 hourly simple moving average.

Read Also:- Ethereum Likely to Begin Outperforming Bitcoin as Strength Mounts

3. Zilliqa has been added to Asset Dash!

Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications. Zilliqa is all set to enable a financially inclusive world, and drive mass adoption of blockchain.

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4. Crypto bank Cashaa opens first physical branch in India

In its Dec. 28 announcement, Cashaa claims that the branch that it opened in Jaipur, India, in collaboration with local financial services firm United Multistate is the “world’s first physical crypto banking branch.” Unicas aims to open 14 branches in January and increase the number to 100 branches in 2022. 

5. Coinbase to suspend XRP trading on Jan 19

Coinbase announced that it has halted XRP trading, in the aftermath of the US Securities and Exchange Commission accusing Ripple and co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over $1.3 billion through an unregistered, “ongoing” securities offering. The federal agency claimed XRP was security, in its charges.

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