CRYPTOCURRENCY - Bitcoin falls below $50K level

The price of Bitcoin decreased below 50,000 dollars level on a general bales level in the markets, after surging to a new all-time high of 58,330.57 dollars, with the support of rapidly increasing corporate purchases recently.

NEWS IN ENGLISH 25.02.2021, 08:51

CRYPTOCURRENCY - Bitcoin falls below $50K level

Bitcoin decreased by 2.53 percent in the last 24 hours to 49,871.35 dollars, after fluctuating between 48,240.07 and 51,287.49 dollars, while the weekly loss of the currency was calculated at 4.07 percent. Bitcoin's total market volume was at 927 billion dollars.

With increasing corporate purchases, the total market capitalisation, which exceeded the 1.5 trillion dollar limit for the first time in history on February 15, was at 1.5 trillion dollars in the early hours of Thursday.

While the value of 83 units decreased from the highest volume of 100 units in the last 24 hours in the crypto money markets, eight of the top 10 units were among those that fell.

Bitcoin accounted for 61.7 percent of the total market volume in 34,674 markets where 8,591 cryptocurrencies were traded, while the 24-hour trading volume in all markets was at 156 billion dollars.
Academic publishing platform said on Thursday that, "Alongside traditional payment methods, we would like to announce that we now accept Bitcoin, Ethereum, and other cryptocurrencies as payment in the Ancient Origins Store."

"Ancient Origins offers support for a decentralized financial system and the cryptocurrency industry as it continues towards mainstream market acceptance. But the main reason for this decision is to allow you to make digital payments – traditional or crypto – with the method you want. You should have a choice, it’s your money" it said.

In the latest development, Dubai’s private equity investment firm IBC Group has pledged 100,000 Bitcoins worth $4.8 billion to boost the development of the Miami 2.0 Blockchain Strategy Foundation.

Chairman of Dubai’s IBC Group Khurram Shroff is reportedly behind this transaction reports Trade Arabia. The development of the Miami 2.0 Blockchain Strategy has caught pace in recent times. By the end of 2021, the blockchain platform is likely to transact around $200 billion per day.

This pledge by the IBC Group will be the biggest in the history of Bitcoin significantly boosting the adoption of digital currencies. This pledge of 100,000 Bitcoins will help fuel Miami’s ambition of integrating Bitcoin in daily transactions. Shroff said:

"Making the largest Bitcoin investment in history is proof of our commitment to assisting cities to adopt Blockchain, which we see as the key to enabling widespread adoption."

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Takımlar	O	P
1. Galatasaray	34	93
2. Fenerbahçe	34	89
3. Trabzonspor	34	58
4. Başakşehir	34	52
5. Beşiktaş	34	51
6. Kasımpasa	34	49
7. Rizespor	34	49
8. Alanyaspor	34	48
9. Sivasspor	34	48
10. Antalyaspor	34	45
11. A.Demirspor	34	41
12. Kayserispor	34	40
13. Samsunspor	34	39
14. Ankaragücü	34	38
15. Karagümrük	34	36
16. Konyaspor	34	36
17. Gaziantep FK	34	34
18. Hatayspor	34	33
19. Pendikspor	34	30
20. İstanbulspor	34	16

Takımlar	O	P
1. Eyüpspor	32	72
2. Göztepe	32	66
3. Sakaryaspor	32	57
4. Kocaelispor	32	55
5. Ahlatçı Çorum FK	32	55
6. Bodrumspor	32	53
7. Boluspor	32	50
8. Bandırmaspor	32	47
9. Gençlerbirliği	32	47
10. Erzurumspor	32	44
11. Keçiörengücü	32	39
12. Manisa FK	32	37
13. Ümraniye	32	37
14. Şanlıurfaspor	32	34
15. Tuzlaspor	32	34
16. Adanaspor	32	33
17. Altay	32	15
18. Giresunspor	32	7

Takımlar	O	P
1. Arsenal	35	80
2. M.City	34	79
3. Liverpool	35	75
4. Aston Villa	35	67
5. Tottenham	34	60
6. M. United	34	54
7. Newcastle	34	53
8. Chelsea	34	51
9. West Ham United	35	49
10. Bournemouth	35	48
11. Wolves	35	46
12. Brighton	34	44
13. Fulham	35	43
14. Crystal Palace	35	40
15. Everton	35	36
16. Brentford	35	35
17. Nottingham Forest	35	26
18. Luton Town	35	25
19. Burnley	35	24
20. Sheffield United	35	16

Takımlar	O	P
1. Real Madrid	33	84
2. Barcelona	33	73
3. Girona	33	71
4. Atletico Madrid	33	64
5. Athletic Bilbao	33	58
6. Real Sociedad	33	51
7. Real Betis	33	49
8. Valencia	33	47
9. Villarreal	33	45
10. Getafe	33	43
11. Osasuna	33	39
12. Deportivo Alaves	33	38
13. Sevilla	33	38
14. Las Palmas	33	37
15. Rayo Vallecano	33	34
16. Mallorca	33	32
17. Celta Vigo	33	31
18. Cadiz	33	26
19. Granada	33	21
20. Almeria	33	14