NEXON Co Ltd (TYO: 3659), one of Asia’s largest gaming companies, announced the purchase of $100 million worth of Bitcoin using the companies cash reserves.
Bitcoin (CRYPTO: BTC) prices were up 8.6% on Thursday to near $60,000 after Square Inc (NYSE: SQ) announced a new Cash App feature allowing users to instantly send bitcoin to other $cashtags for free.
XRP (XRP) traded 19.14% lower over a 24-hour trailing period at $0.227 at press time, as per CoinMarketCap data.
What Happened: Coinbase, a major cryptocurrency exchange desk based in Silicon Valley, delivered another jolt to Ripple on Monday, saying it had decided to suspend the XRP trading pairs on its platform in light of the SEC lawsuit, starting Jan. 19.
The rise of bitcoin has been one of the top stories of 2020.
What Happened: Bitcoin price hit all-time highs throughout December, passing the $27,000 level on Dec. 27.
The price of Bitcoin is up over 150% in 2020 and the cryptocurrency has seen a resurgence in popularity, discussion and price.
Investors seeking exposure to Bitcoin price without purchasing the cryptocurrency through a wallet could consider these seven stocks that are involved with Bitcoin.
Bitcoin (BTC) and other cryptocurrencies have proved to be some of the most volatile assets over the years, keeping many veteran investors skeptical. Yet, believers who have been holding ("or hodling," as the cryptocurrency community refers to it) the decentralized virtual currency since early or even mid-stages have seen handsome gains.