BitDigest February 4 · Issue #835
Feb 4, 2021
Author
- Ether continues run driving crypto market cap above $1.1 trillion
- Crypto friendly Senator Lummis appointed to banking committee
- Paypal and Visa announce new crypto initiatives
A New Daily Chart
🅱️Based on feedback from readers I have made some changes to the daily charts. I added four new digital assets: Stellar (XLM), Monero (XMR), Uniswap (UNI), and Aave (AAVE). The group of digital assets identified in the daily pricing chart currently accounts for 89.1% of the total market cap. I have also added a new daily section on stablecoins and will provide information of the total dollars invested in each coin as well as 24-hour trading volume. I am starting with several of the most talked about US dollar stablecoins and I may add Euro and other fiat backed coins in the future. Please keep your suggestions coming.
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Voyager Digital (CSE: VYGR) was the best performing stock this week gaining 151.1%.
- Bit Digital (Nasdaq: BTBT) announced management changes with the resignation of the company’s Chairwoman and removing the firms CEO.
- HIVE Blockchain Technologies (TSX.V:HIVE) is expanding its Swedish GPU mining center by 30% adding 2 MW at the cost of $9 million by the second quarter. The firm also filed a $100 million mixed shelf prospectus.
- Hut 8 Mining (TSX: HUT) announced it is repaying a $20 million loan to Genesis and will turn the bitcoin collateral into a yielding asset.
- The Grayscale Litecoin Trust (OTCQX: LTCN) was this week’s worst performer losing 10% over the past 7-days.
- Bitcoin posted a gain of 23.1% this week, beating the median return of 21.4% but failing to meet the tracked assets mean return of 26.6%.