News
Bitcoin breaks above $50,000 for first time, pushing market cap closer to $1 trillion mark https://t.co/gRN7L4J7FW
— The Block (@TheBlock__) February 16, 2021
China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs https://t.co/tVY2HWaD86
— Bloomberg Crypto (@crypto) February 16, 2021
Central bank digital money won't replicate cash, says Sweden's Riksbank, one of the monetary authorities furthest ahead in exploring such a system https://t.co/PlCGTDKKKu
— Bloomberg Crypto (@crypto) February 16, 2021
MicroStrategy plans to raise an additional $690 million to buy bitcoinhttps://t.co/DPBtq9WYSn
— The Block (@TheBlock__) February 16, 2021
Charts
#SatoshiNakamoto Would Join the Richest With #Bitcoin at $190,000 — If the price of #Tesla shares stabilize at about $800, Satoshi Nakamoto — the pseudonymous creator of Bitcoin — would be worth about the same as Elon Musk with a crypto price of about $190,000. pic.twitter.com/glPzdsXWvV
— Mike McGlone (@mikemcglone11) February 16, 2021
Bitcoin’s climate footprint of 37Mt CO2 is still minuscule compared to other digital industries.
The total GHG emissions from digital tech are estimated to 1600Mt, with Bitcoin contributing to roughly 2.3% of the
digital tech emissions. pic.twitter.com/n3hWiFfpxm— Arcane Research (@ArcaneResearch) February 16, 2021
If this #Bitcoin rally is like 2017's where are we now?
At July 2017, with target price of $292,000 pic.twitter.com/BmEWVDapV5
— Mira Christanto (@asiahodl) February 16, 2021
Analysis
Crypto trusts are locking up large amounts of BTC and ETH.
The Grayscale Bitcoin Trust effectively removes 650K BTC from circulating supply, bringing liquid supply below 14M.
Read more in this week's State of the Network:https://t.co/pjcU5hVlQq pic.twitter.com/qlOaFeh3g1
— CoinMetrics.io (@coinmetrics) February 16, 2021
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