BTC ‘Could Hit $50K in Days’ 🥳
Tue. Feb 9, 2021

Market Activity

Total Market Cap $1.38T (+6.15%)
24 Hour Volume $225.51B (+10.81%)
Notable Movers BitTorrent (BTT) (+138.70%)
Bitcoin Dominance 63.04% (+0.66%)
Bitcoin Price $47,028.65 (+8.61%)
Notable Movers Dogecoin (DOGE) (-14.38%)

Today’s Top Stories 📰

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Bitcoin ‘Could Hit $50,000 This Week’ 👀

BTC briefly managed to break $48,000 as the markets digested yesterday’s blockbuster Tesla announcement. Now some analysts, such as eToro’s Simon Peter, believe $50,000 could follow within days. Hitting this psychological milestone wouldn’t just break records — it would see Bitcoin fulfill predictions made for the whole of 2021… just six weeks in. Here’s the latest.

Tesla Criticized for Snapping Up BTC 🚨

Not everyone is happy with Tesla buying $1.5 billion in BTC. One ex-Goldman Sachs executive has exited his long position, arguing exposure to crypto makes the company even more risky than it was already. Others say purchasing this energy-intensive asset goes against the electric vehicle manufacturer’s environmentally friendly image. What are people saying?

Apple Has ‘Clear Opportunity’ in Crypto 🍎

A new report says Apple could instantly boost its market share by allowing users to buy and sell crypto. RBC Capital Markets says the tech giant already has the infrastructure to support digital assets. If Apple did launch such a service, analysts believe this could turn the U.S. into a world leader in crypto — and reduce any likelihood of a Bitcoin ban. Read more here.

Ether Sets New Record High Above $1,800 📈

As Bitcoin continues to nudge record highs, ETH is also setting new milestones. The No. 2 cryptocurrency surged to $1,815.96 on Tuesday morning. All of this means that there’s a lack of a defined price “resistance” in the near term. Meanwhile, figures suggest 400 contracts worth 19,400 ETH were traded during CME Group’s first day offering ETH futures. Read more.

Blockfolio Suffers Embarrassing Hack ❌

Hackers have breached Blockfolio’s signal feed — sending racist and offensive messages to users. One message said services are being closed to all black people, and went on to use a racial slur. The company has apologized for the incident and stressed that user funds are safe — with FTX CEO Sam Bankman-Fried set to launch a security review. Read more.

Crypto Is Hiring 💼

Crypto Content & Social Media Wizard at Innovion

Solidity Developer to build the future of market making at Polymarket (Remote / NYC)

Communications Lead at Vite Labs

Global Talent Acquisition Lead at CoinDesk (New York)

Social Media & Content Manager
 at Harmony

Backend Software Engineer – Blockchain/LegalTech/FinTech
 at Kleros (France – Lisbon – Remote)

Full Stack Developer – Blockchain/LegalTech/FinTech
 at Coopérative Kleros (France – Lisbon – Remote)

Thanks for reading! Have a great day — more news tomorrow! 👋