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Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion – Markets and Prices Bitcoin News

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Jamie Redman

Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit during the early morning trading sessions on Saturday (EST). Moreover, a number of digital assets saw price jumps as well, as the entire market capitalization of all 9,190 crypto-assets in existence is over $2 trillion today.

A touch after 1 a.m. (Eastern Standard) on Saturday, the market valuation of the entire crypto-economy jumped 3% higher. Bitcoin (BTC) touched a high of $61,222 per unit coming awfully close to the all-time high (ATH) the crypto asset captured last month. Currently, BTC is trading just above the $60k handle after losing some of the gains from the hours prior. BTC is still up over 2% today and has a market cap of around $1.1 trillion.

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy's Market Cap Climbs Above $2 Trillion

The second-largest market held by ethereum (ETH) is up 3% on Saturday and each ETH is swapping for $2,144 per unit. While BTC’s market dominance among the 9,190 crypto-assets in existence is 55%, ether markets captured 12.1% this weekend. Three digital assets command just above 2% or more of the entire crypto economy’s valuation which includes BNB, USDT, and XRP.

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy's Market Cap Climbs Above $2 Trillion

BNB is up a lot on Saturday, as 24-hour stats show the token is swapping for $478 per unit and has gained more than 7% during the last 24 hours. XRP is up a whopping 20% against the U.S. dollar and is trading for $1.22 per coin.

Other notable gainers in the top twenty crypto-asset list include bitcoin cash (BCH) up 2.8%, filecoin (FIL) up 6.2%, stellar (XLM) up 9.2%, and vechain (VET) up 8% on Saturday.

The biggest gainer today is bit-z token (BZ), which has climbed a whopping +16,448% today and is followed by electrify asia token (ELEC) up over 200%.

Saturday’s biggest losing crypto market belongs to beetle coin (BEET), which has lost over 53% and then thrive token (THRT) is down more than 38%. At press time some market cap aggregators say the valuation of the entire crypto-economy is $2.04 trillion while others say $2.033 trillion on Saturday morning.

Want to see all the cryptocurrency market action in real-time? Check out markets.bitcoin.com today!

What do you think about this weekend’s cryptocurrency market action? Let us know what you think about this subject in the comments section below.

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$2 Trillion, Bitcoin, Bitcoin (BTC), Bitcoin Price, bitcoin prices, bnb, Charts, crypto economy, ETH, Ethereum, Market Update, Markets, Prices, trading, XRP

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Cryptocurrency

Moneygram Lets Customers Buy and Sell Bitcoin With Cash at 12,000 Locations – Featured Bitcoin News

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Kevin Helms

Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration “will bring bitcoin to thousands of new point-of-sale locations in the U.S. with plans to expand to select international markets in the second half of 2021,” the companies say.

Bitcoin at Moneygram Locations

Moneygram International Inc. and Coinme, a licensed crypto-to-cash exchange in the U.S., announced Wednesday the “launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.”

A global leader in cross-border P2P payments and money transfers, Moneygram serves nearly 150 million people across the globe over the last five years. Coinme is a crypto exchange and ATM operator that currently powers over 20,000 physical locations to buy and sell bitcoin using cash through partnerships with Coinstar and Moneygram.

The collaboration “will bring bitcoin to thousands of new point-of-sale locations in the U.S., with plans to expand to select international markets in the second half of 2021,” the companies detailed. The new service will create “global cash on and off-ramps” to “ensure access to bitcoin.”

According to the announcement:

The Moneygram and Coinme integration will provide a fast and easy way for customers to purchase bitcoin with cash and withdraw bitcoin holdings in cash.

Initially, the service will be available at select Moneygram locations in the U.S. in the coming weeks. However, the companies plan to add more countries and cryptocurrencies shortly thereafter. According to Coinme’s website, the service is “available at 12,000 Moneygram locations.”

Bitcoin buying and selling are available at 12,000 Moneygram locations. Source: Coinme

The companies noted that the new service “is specially designed for customers who may be interested in utilizing bitcoin for the first time.”

Alex Holmes, Moneygram’s CEO, opined:

This innovative partnership opens our business to an entirely new customer segment as we are the first to pioneer a crypto-to-cash model by building a bridge with Coinme to connect bitcoin to local fiat currency.

What do you think about Moneygram’s new bitcoin service? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Urban Tea Now Accepts Cryptocurrencies Including Dogecoin – News Bitcoin News

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Lubomir Tassev

A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies.

Chinese Tea Stores and Restaurants to Accept Crypto

The publicly traded tea company runs a number of tea stores in China through its subsidiary, 39 Pu Tea Co Ltd. It also operates a chain of restaurants in the U.S. under another entity, Guokui Management Inc. A press release details that both of them will accept cryptocurrencies, including bitcoin (BTC), ethereum (ETH) and dogecoin (DOGE). Commenting on the announcement, CEO Xianlong Wu stated:

Through the deployment of cryptocurrency payment, Urban Tea plans to bring cryptocurrency application scenarios into the customers’ daily life.

Incorporated in the British Virgin Islands, Urban Tea’s main business is centered on the distribution and retail of specialty tea products. In Hunan, it offers a variety of tea and coffee drinks, light meals, and an assortment of pastries prepared using natural products. The Nasdaq-listed (MYT) company has established its own R&D unit in order to develop seasonal menus and provide fresh meals.

Urban Tea Expands Into Blockchain Technology and Cryptocurrency Mining

The Chinese company, however, is not limiting its options to only offering healthy foods and beverages for diet-conscious consumers. Urban Tea has decided to explore new opportunities in the crypto space by launching blockchain technology research and cryptocurrency mining.

In February, the tea retailer hired Fengdan Zhou, a blockchain data specialist, as the company’s new chief operating officer. It announced that Zhou will take responsibility for the implementation of its crypto business plan.

Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

A new subsidiary based in People’s Republic will be tasked with designing blockchain-based software and applications as well as developing the company’s mining operations. “We anticipate our crypto mining plan to be gradually implemented and we are hopeful for the promising prospect of this new opportunity for the company,” emphasized Xianlong Wu.

Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

Urban Tea, which is now entering the world of decentralized money, launched its specialty tea business back in 2018. Its home country, China, is the world’s largest producer of tea with over 2.4 million metric tons per year, according to data compiled by U.K. tea and coffee supplier Farrer’s. The tea is grown mainly in three Chinese provinces – Yunnan, Guangdong, and Zhejiang, and the PRC accounts for around 40% of the global production.

Do you know of other specialty product chains that accept cryptocurrency payments? Let us know in the comments section below.

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Bitcoin, blockchain technology, China, chinese, Crypto, crypto mining, crypto payments, Cryptocurrencies, Cryptocurrency, dogecoin, Ethereum, Retailer, specialty products, Tea, Urban Tea

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Mark Zuckerberg’s Goat, “Bitcoin”, Ignites Conspiracy Theories – Bitcoin News

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Sergio Goschenko

Yesterday, Mark Zuckerberg, founder and CEO of Facebook, revealed he’d named one of his goats “Bitcoin”. This was seemingly an innocent announcement that, nonetheless, got the crypto sphere talking on what deeper meaning this might indicate. While some have rationalized this as being an endorsement of Bitcoin by Facebook, others have suggested weirder theories.

Bitcoin: Mark Zuckerberg’s Goat

Zuckerberg revealed yesterday on Facebook that one of his goats is named “Bitcoin”. This post, which would usually read as humorous, got the cryptocurrency sphere to formulate strange theories. While some users laughed and spread their memes accordingly, some thought there could be greater intention behind the post.

Mark Zuckerberg's Goat,

Some users took this as a hint that Facebook had or will follow the footsteps of companies like Tesla and Microstrategy, by buying Bitcoin as a hedge and adding it to its cash reserves. There were rumors about this last month, but Facebook squashed them during their last earnings call, denying having bought bitcoin or other cryptocurrencies.

According to a tale from Jack Dorsey, Zuckerberg’s goats have not just been pets, but food. He described how Zuckerberg would personally kill them, immobilizing the animal with a stun gun and then using a knife. Lots of users recalled this macabre incident, jokingly stated Zuckerberg could kill Bitcoin anytime if he really wanted to.


Facebook’s Unhappy Crypto Journey

Jokes aside, Facebook inroads into cryptocurrency have not been particularly successful. In effort to create its own cryptocurrency, first called Libra and later rebranded to Diem, the company has met opposition from the global regulatory community. They claim a unique Facebook crypto would give the social media giant too much power.

Launched with the support of large backers, Libra’s proposal lost steam. It was abandoned by some of its most significant supporters, such as Visa, MasterCard, and eBay, then changing its proposal to become a basket of stablecoins. This was to appease the worries of domestic and international lawmakers.

Zuckerberg was even summoned to the Congress to explain the ins and outs of its proposal. He received a severe reaction from lawmakers, like House Financial Service Committee Chairwoman Maxine Waters. She criticized Facebook for its inability to resolve existing issues, and asked them to stop with development until some kind of regulatory framework existed to cover the scope of Libra.

What do you think about Bitcoin, Mark Zuckerberg’s pet goat? Tell us in the comments section below.

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Bitcoin, Blockchain, Cryptocurrency, Diem, goat, Jack Dorsey, Libra, Mark Zuckerberg, Maxine Waters, microstrategy, Tesla

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