The Crypto Roundup: 10 June 2024

Latest price and news from the crypto space

Latest price from our hand picked list of digital assets

The price of bitcoin has moved into five-figure territory over the weekend, hitting a two-month high after surpassing the $10,000, to now trade at over $10,200. Ether, meanwhile, has moved up over 40% over the last 30 days.

San Francisco-based cryptocurrency exchange has revealed it has over 35 million users, and has been growing steadily over the last few months.

The popular web browser Opera has expanded top-ups for its built-in cryptocurrency wallet to the United Kingdom, via a partnership with the crypto on-ramp firm Ramp, which leverages new European Open Banking APIs to allow for low-fee top-ups.

Sponsored: BTCS (OTCQB: BTCS) announces an increase of 285% in it’s Crypto Asset Under Management portfolio during Q1 2020. The company revealed that the growth experienced in the second quarter of 2020 was primarily due to additional purchases of Bitcoin (BTC) and Ethereum (ETH).

Top stories in the Crypto Roundup today:

Bitcoin Surpasses $10,000 as Ether Jumps to 13-Month High
Crypto Exchange Coinbase Reveals It Has 35 Million Customers
Opera Browser Expands Crypto Wallet Top-Ups to UK, Reveals Crypto User Base
Sponsored: BTCS Crosses The $1M Crypto Asset Under Management Milestone

At the time of writing, bitcoin (BTC) is trading at $10,144.83 (4.15%) with a daily Top Tier volume of $5.15 bn. As for ether (ETH), it is trading at $317.46 (1.87%) with a daily Top Tier volume of $3.11 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,691.53 (1.15%).

Bitcoin Surpasses $10,000 as Ether Jumps to 13-Month High

The price of bitcoin has moved into five-figure territory over the weekend, hitting a two-month high after surpassing the $10,000, to now trade at over $10,200. The flagship cryptocurrency had been trading between $9,000 and $10,000 for two months, and finally seems to be breaking out – it’s up 11.4% in the last 30 days.

Ether, the second-largest crypto by market cap, has risen to a 13-month high thanks to decentralized finance-related demand. The cryptocurrency is now trading at $325, moving up from $240 a week ago. In the last 30 days, ETH went up 41%.

Speaking to CoinDesk John Ng Pangilinan, managing partner at Singapore-based Signum Capital, said that the “DeFi-led surge in Ethereum’s ether token, the second-largest cryptocurrency, seems to have spilled over into the bitcoin market.”

The rise means that bitcoin is now outperforming gold so far this year, even though the precious metal is now close to its all-time high of $1,920 seen in 2011. Bitcoin is, meanwhile, still down about 50$ from its all-time high near $20,000, seen in December 2017.

Central Banks’ liquidity injections and negative yields on bonds are helping the price of gold move up, while this year BTC has shown some correlation with the U.S. stock market. Some expect the cryptocurrency to keep moving up, as it has breached a bearish trendline falling from December 2017 to June 2019.

Crypto Exchange Coinbase Reveals It Has 35 Million Customers

San Francisco-based cryptocurrency exchange Coinbase has revealed in a new report it has over 35 million users in over 100 countries. The report, Coinbase’s Crypto H1 2020 institutional review, showed it now operates the largest regulated crypto exchange in the world.

The trading platform is up five million users from last year, but did not disclose how many of its users are active, or how many are dormant.

Coinbase’s report, however, noted crypto is continuing to be adopted by traditional finance, adding “many larger and more conservative institutional investors are allocating for the first time, using Coinbase to build direct positions and backing crypto fund managers as part of their alternatives strategy.

In its report, Coinbase also warned that while it believes decentralized finance will be “extremely powerful long-term,” the market is “still in its infancy.” Coinbase has supported the growth of DeFi, listing Compound’s COMP token, and giving users the opportunity to earn DAI tokens.

Opera Browser Expands Crypto Wallet Top-Ups to UK, Reveals Crypto User Base

Opera has started letting its users buy BTC and ETH in March of this year, with the feature being available in Europe, the U.S., and a few other countries up until now. Users can bypass using a crypto exchange by buying directly from its built-in wallet.

The built-in wallet includes access to its own decentralized application store, in which users can discover some of the most popular decentralized applications on the Ethereum network. Opera partnered with Dapp.com to help improve the decentralized app store.

IT also revealed that out of its 350 million monthly active users, over 170,000 actively use its cryptocurrency wallet, which supports ETH, BTC, and TRX.

BTCS Crosses The $1M Crypto Asset Under Management Milestone

BTCS (OTCQB: BTCS) announces an increase of 285% in it’s Crypto Asset Under Management portfolio during Q1 2020. The company revealed that the growth experienced in the second quarter of 2020 was primarily due to additional purchases of Bitcoin (BTC) and Ethereum (ETH). The company took advantage of the largest crypto by market capitalization recovery period in 2020, where BTC price gained over 40% in a matter of days.

BTCS is a U.S. based blockchain technology and digital asset focused company. The company became one of the first U.S. publicly traded firms focused on blockchain technologies and digital assets and aims to acquire digital assets to offer investors indirect ownerships of digital assets.

According to BTCS, both Bitcoin and Ethereum are great stores of value especially against currency debasement with central banks embarking on extensive quantitative easing. Apart from Bitcoin and Ethereum, BTCS also plans to expand its crypto holdings to cover other altcoins.

The digital asset firm is also developing its own in-house consumer-facing digital asset data analytics platform. With the crypto space still in its infancy, price benchmarks, indices, trading volume, and other important metrics are still being refined.

To find out more about BTCS, please visit their website.