Bitcoin’s market capitalization has crossed $1 trillion for the first time, as the cryptocurrency gains increasing mainstream attention and sees corporate adoption grow exponentially.

A survey of 30,000 people over the age of 18 conducted by global consumer research platform Piplsay has found that 25% of American investors already own cryptocurrency, while another 27% are planning on investing this year.

The first publicly traded bitcoin exchange-traded fund (ETF) in North America, has seen its assets under management swell past $421 million after it started trading on the Toronto Stock Exchange (TSX) under the ticker “BTCC.”

Sponsored: Clintex`s blockchain-based solutions provide self-service analytics and clinical intelligence for optimization of operational efficiency, clinical data quality, and medical review. Smart contracts and distributed ledger technology (DLT) help drastically with cost reduction.

Top stories in the Crypto Roundup today:

• Bitcoin’s Market Cap Crosses $1 Trillion Milestone
• 25% of U.S. Investors Already Own Crypto, Survey Shows
• Canada’s First Bitcoin ETF Sees AUM Swell Past $400 Million in Two Days
• Sponsored: Uniswap and Kucoin Listings Boost CTI Price

Bitcoin’s Market Cap Crosses $1 Trillion Milestone

Bitcoin’s market capitalization has moved past $1 trillion for the first time, as the cryptocurrency gains increasing mainstream attention and sees corporate adoption grow exponentially.

The cryptocurrency’s market capitalization moved past $1 trillion after its price rose above $53,670, just days after surpassing $50,000 for the first time. 

The price of bitcoin has continued to rise and is now above $56,000. Its performance has been supported by investments from various companies including Tesla, MicroStrategy, Square, MassMutual, Ruffer Investment, and others.

According to a website tracking these investments, at least 22 publicly traded companies have added BTC to their treasuries.

25% of U.S. Investors Already Own Crypto, Survey Shows

A survey of 30,000 people over the age of 18 conducted by global consumer research platform Piplsay has found that 25% of American investors already own cryptocurrency, while another 27% are planning to invest this year.

The findings fall roughly in line with other surveys. In October, Grayscale found that 55% of U.S. investors were interested in buying crypto, while Bitwise found 24% of financial advisers already owned bitcoin or other cryptoassets in January.

Piplsay’s survey found that 41% of respondents think the stock market and cryptocurrencies are equally risky. Regarding cryptocurrencies, 27% said they were concerned about hacking or fraud, 22% were concerned about a lack of regulations, and 20% pointed to crypto’s volatility.

In a separate question, it found that 30% of respondents did not understand cryptocurrencies, while 13% said they never heard of crypto before.

Canada’s First Bitcoin ETF Sees AUM Swell Past $400 Million in Two Days

The first publicly traded bitcoin exchange-traded fund (ETF) in North America, has seen its assets under management swell past $421 million after it started trading on the Toronto Stock Exchange (TSX) under the ticker “BTCC.”

The fund has seen huge interest so far and traded over $100 million shares on its first day. Bloomberg Intelligence ETFs analyst Eric Balchunas tweeted that Purpose Investment’s bitcoin ETF could reach $1 billion in assets by the end of next week.

Late last week a second bitcoin ETF, the Evolve ETF, started trading on the TSX under the ticker “EBIT” with $1.271 million in assets under management. These funds allow investors to gain exposure to the flagship cryptocurrency while avoiding hefty premiums or managing private keys.

Both bitcoin ETFs have a management fee of 1%.

Daily Movers – XRP, OKB, and LUNA

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

XRP (XRP) - XRP is a distributed network which means transactions occur immediately across the network - and as it is peer to peer - the network is resilient to systemic risk. XRPs aren't mined - unlike bitcoin and its peers - but each transaction destroys a small amount of XRP which adds a deflationary measure into the system.

OKEx (OKB) – OKB is the native token of the OKEx cryptocurrency exchange and of the Ethereum Virtual Machine compatible blockchain OKExChain. The token gives holders several advantages including participating in token listing polls.

Terra (LUNA) - Terra aims to build a new financial infrastructure that works better for everyone. The network is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native token, Luna.

Uniswap and Kucoin Listings Boost CTI Price

Each day between $600,000 and $8,000,000 are spent on clinical trials. The high costs and long period for getting new medicines through all trial stages (2-4 years on average) bring operational deficiencies that prevent patients from receiving the medicines that they need during the COVID-19 pandemic.

Clintex`s ultimate goal is to change that. Their blockchain-based solutions provide self-service analytics and clinical intelligence for optimization of operational efficiency, clinical data quality, and medical review. Smart contracts and distributed ledger technology (DLT) help drastically with cost reduction.

Clintex developed seven different application tools, which aim to address specific issues and provide invaluable key insights. All stakeholders, including Clinical Project Managers & Physicians, Clinical Data Managers, Pharmacovigilance staff, and Site Monitors can benefit from the applications.

CTi Token

CTi Token is native to Clintex`s platform and provides access to the Clinical Trial Intelligence through a yearly licensing model. CTi tokens validate this license and all bought tokens are “staked” into an integrated wallet for the duration of the license. Each client that joins will reduce the circulating supply of CTi through the promotion of the deflationary supply model.

KuCoin & Uniswap

In late November 2020, KuCoin announced the listing of the CTi token, and a few weeks after the announcement, deposits and trading were officially opened to KuCoin users. The current cryptocurrency pairs against the CTi token that can be traded on the exchange are CTi/USDT & CTi/ETH.

The KuCoin listing was followed by a listing on Uniswap. The only pair available on Uniswap as of the time of writing is CTi/ETH. On Wednesday, 17th February the price per 1 CTi token was $15.54 on Uniswap which is a five-fold increase compared to the token price in early October 2020.

Press Release

State of the Crypto by Top Tier Exchange Volume

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