Frank said: “Dogecoin tweet volume is up 1,665% today, its trading volume is up 1,546%, and its cost is up 209%” Wall Street continues to welcome cryptocurrenciesCoinbase officially unveiled its strategy to go public later this year. The S&P 500, NASDAQ and Dow all saw favorable inflows and ended up the day up 0.98%, 0.68% and 0.99% respectively. Source: Coin360Bitcoins show of strength at the $32,000 corresponded with a strong rally from many altcoins and presently the majority of the leading 100 coins are showing 3% to 15% gains. Cosmos (ATOM) rallied by 15.41%, Stellar (XLM) acquired 13.91% and Compound (COMP) included 14.21%.
Data from Cointelegraph Markets and TradingView reveals that BTC has actually progressively climbed up greater in price from $31,000 to its current value of $33,400, an increase of 9.5%. Source: Coin360The most significant gainer of the day was Dogecoin (DOGE) which surged more than 200%. In the early morning hours of Jan. 28, a Twitter account called WSB Chairman tweeted: A lot of you are talking about Dogecoin.
Soon later on, members in the Wall Street Bets telegram started going over the possibility of pressing DOGE to $1. According to data from TheTIE, the tweet volume for Dogecoin “surpassed Bitcoin over the last 24 hours,” making this the very first time on record that “an altcoin has actually been tweeted about more than Bitcoin over a 24 hour duration.” Dogecoin rate vs. tweet volume. Source: TheTIEIn a personal discussion with Cointelegraph, Joshua Frank, founder of TheTIE, talked about simply how “wild” the activity associated to Dogecoin has been over the previous 24-hours. Frank stated: “Dogecoin tweet volume is up 1,665% today, its trading volume is up 1,546%, and its cost is up 209%” Wall Street continues to welcome cryptocurrenciesCoinbase officially revealed its strategy to go public later this year. According to Coinbase Blog, the business will do a direct listing of its Class A common stock, making existing shares readily available to the general public. North Carolina wealth manager Kingfisher Capital likewise made headings after submitting documents exposed that the company had purchased 10,667 shares of the Grayscale Bitcoin Trust over the previous few months. Numerous brokerage companies in the United States, including the popular mobile-based Robinhood, are receiving blowback for halting trading on stocks like GameStop (GME) and AMC Holdings Inc. (AMC), which has been the primary story of the week after a retail investor-inspired brief capture by members of the Reddit group r/wallstretbets pressed the costs of each stock up by hundreds of percent. The traditional markets also saw a bounce following a small sell-off the other day. The S&P 500, NASDAQ and Dow all saw favorable inflows and ended up the day up 0.98%, 0.68% and 0.99% respectively. BTC/USD day-to-day chart. Source: Coin360Bitcoins show of strength at the $32,000 corresponded with a strong rally from lots of altcoins and currently the majority of the top 100 coins are showing 3% to 15% gains. Cosmos (ATOM) rallied by 15.41%, Stellar (XLM) gained 13.91% and Compound (COMP) added 14.21%. Ether (ETH) cost also increased by 5.96% and presently trades at $1,355. The overall cryptocurrency market cap now stands at $984.6 billion and Bitcoins dominance rate is 63.2%. Title: Altcoins skyrocket after 10% Bitcoin rate breakout turns $33K back to supportSourced From: cointelegraph.com/news/altcoins-soar-after-10-bitcoin-price-breakout-flips-33k-back-to-supportPublished Date: Thu, 28 Jan 2021 23:03:46 +0000