2021 was undoubtedly a historic year for Bitcoin and cryptocurrency. Bitcoin hit a new all time high, saw adoption from nations and corporations alike, and gained attention from several nations across the globe. That isn’t to say there weren’t setbacks: Major crashes, millions of USD in longs liquidated. The world also saw increasing anti-crypto legislation and pushback from politicians in India, The United States, and China. Not the ending to the year that everyone was hoping for Bitcoin unfortunately did not live up to expectations this year. Many thought that 2021 would be the year it hit $100,000, and were disappointed to see it end the year around just a…
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Weekly Bitcoin Review
El Salvador buys the dip, The Omicron variant, and Microstrategy buying more Bitcoin
Omicron Many countries have begun enacting new travel restrictions in response to the new Omicron Covid-19 variant that was announced last week to be spreading in South Africa and elsewhere. These restrictions and global panic over the virus lead to a tank in the price of BTC, hitting a price of $53,569.76 on Friday. This is the lowest price BTC has seen since October 6, leading many to fear that the coin would continue to plummet in price. It has since recovered to the $57,000 price range, hitting a high of $58,872.88 earlier today, since the drop in price. BTC is currently trading at a volume of $32.4 billion. The…
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Our Weekly Bitcoin Review
Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador
In the cryptocurrency space, no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop. Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…
