Bitcoin price exceeds $19,000, and the ETH 2.0 deposit contract raises the required amount for launching
Bitcoin price has exceeded $19,000
The first cryptocurrency is one step away from setting a new price record.
On Tuesday, the BTC rate rose to $19,222 — the highest level in almost three years. Bitcoin has been trading above this mark for only three days in its history. To the maximum level of $19,891, digital currency needs to rise in price by only 3.4%.
At the same time, the capitalization of bitcoin exceeded $350 billion, once again updating the historical peak. Since the beginning of September, the first cryptocurrency has risen in price by 94%, and in 2020 — by 164%.
ETH 2.0 deposit contract raises the required amount for launching
The smart contract required to launch the first phase of Ethereum 2.0 has raised the required amount of funds.
The developers created a deposit contract at the beginning of November, in order to activate ETH 2.0, it had to raise deposits in the amount of 524,288 ETH by November 24. It is worth noting that 25% of the indicated amount of funds was deposited several hours before the end of the term.
At the moment, the balance of the contract is 674,368 ETH (about $408 million). Thus, the zero stage of Ethereum 2.0 will be launched on December 1. The main change will be the transition of the network from the Proof-of-Work algorithm to Proof-of-Stake, which does not imply mining.
Bitcoin hits the front page of The Wall Street Journal
After having risen by 80% in two months, Bitcoin has once again gained media attention.
The American edition of The Wall Street Journal published an article about BTC on the front page. The November 23 story discusses the adoption of cryptocurrency by institutional investors. The authors note that bitcoin has recently found support from “Wall Street billionaires” Paul Tudor Jones and Stanley Druckenmiller, as well as other public figures.
In addition to significant investment from hedge fund managers, the WSJ highlights the growing demand from retail investors who can now access crypto assets through familiar financial companies such as PayPal.