CryptoQuestion — April 2021 News Bulletin

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Latest News in the Cryptocurrency and Investment World

Crypto Round Up

Bitcoin hit $60,000 in March but then hovered around the $55,000 mark until the last few weeks, ending the week at $57,000. Ethereum achieved a record $2,100 despite the industry wide complaints about high gas fees. PayPal announced that consumers can now use cryptocurrency as a medium of exchange — a development which contributed to the recent strength in the Bitcoin price. DeFi hit a record high in value locked, with nearly $50Bn tied up in various platforms.

NFTs

NFT’s saw some serious action in February and March, with marketplace volumes growing by 29X in February, that compares to 10X in January. A record $69 million was paid at a Christie’s auction for an NFT which was only a month old shattering all previous records. Would you pay $69 million for this?