Is BTC Bull Run About to Restart?
After weeks of consolidation, there’s renewed optimism that Bitcoin’s bull run is about to restart. Demand, fueled by the Grayscale Investment Trust, is continuing to outstrip supply. Meanwhile, the balance of Bitcoin held across all exchanges has fallen to a two-and-a-half-year low. BTC managed to crack $35,000 on Tuesday morning.
Many Twists and Turns for Robinhood
Reports suggest that Robinhood’s CEO is going to testify before Congress over the GameStop saga. Vlad Tenev could end up facing tough questions over the restrictions imposed on GME stock. Meanwhile, it’s also being claimed that the embattled trading app is postponing plans for a hotly anticipated IPO "to focus on surviving the current drama." Here’s the latest.
Elon Musk Takes Break from Twitter
Well, he’s certainly been busy. After expressing his support for Wall Street Bets — and adding #bitcoin to his bio — Elon Musk has announced he’s stepping away from social media for a while. It comes shortly after he revealed his passion for BTC during a Clubhouse discussion, admitting he’s been a little behind the curve when it comes to crypto.
BlockFi Reports ‘Record-Breaking Month’
The CEO of crypto lending platform BlockFi says its users were paid more than $28 million in interest over the course of January — 75% of which was in Bitcoin and Ethereum. Zac Prince said more than 400 BTC, 4,500 ETH and five million stablecoins were distributed in a "record-breaking month."
