Blockchain and Cryptocurrency: People, Culture and Tech
Ether hit new all-time highs of $1,929 on February 18 as a brief lull in Bitcoin price action allowed for further upside. The latest push higher brings Ether closer than ever to the significant psychological barrier at $2,000, something which if broken could immediately spur a surge to $2,200.
Monday began with the fallout from retail investors’ takedown of shorters on traditional markets. As regulators caught on and trading platforms shut down access to certain stocks, Bitcoin proponents swiftly stepped in to highlight the comparative freedom inherent in Bitcoin markets.
Bitcoin saw mixed progress on February 4 as a push towards $40,000 combined with yet more controversy over Elon Musk. In the event, growth stalled as the world’s richest man returned to Twitter to boost the fortunes of Dogecoin—and remove “#Bitcoin” from his biography.
Bitcoin showed signs of life on February 3 as largest altcoin Ether made good on its bull run and beat all-time highs. While modest compared to previous volatility, Bitcoin’s uptick buoyed sentiment among traders who had waited patiently for the market to decide short-term direction.
