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Grayscale Investments now controls 2.4% of the current BTC supply

The investment firm purchased 17,100 BTC in the last week. Crypto fund manager Grayscale Investments has increased the assets under management in its Bitcoin Trust by more than $180 million over the past week. According to data from information platform Bybt, Grayscale added 17,100 Bitcoin (BTC) to the firm’s Bitcoin Trust in the last seven days. The company now has 449,900 total coins under management — worth roughly $4.9 billion with the crypto asset at $10,890, closing above $10,000 every day for the last 63 days. This effectively means Grayscale controls roughly 2.4% of total coin supply — currently at…

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S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track

The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset bitcoin (BTC) is up over 24% over the last 30 days and up more than 16% during the last 90 days. BTC touched a 2020 high of just above $12,000 per coin before tumbling 10.9% last Sunday. With the price giving traders optimism many speculators wonder if crypto assets are about to witness…

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce. Regional reports stemming from China explain that GPU miners are becoming much harder to obtain since the price of ether started rising exponentially. Ethereum (ETH) touched an 11-month high on Monday, touching $327 per coin. Statistics from Etherscan shows that Ethereum’s network hashrate has increased by 25.7% since the first week in January 2020.…

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