On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $26 billion in trade volume worldwide. Moreover, the entire crypto-economy surpassed the $1 trillion mark on Wednesday evening (EST) as well.
- Bitcoin (BTC) has jumped over the $37k handle on Wednesday surpassing the cryptocurrency’s previous all-time high (ATH). At approximately 7:04 p.m. (EST), BTC touched an ATH of around $37,400 per unit.
- Bitcoin is up 8.5% during the last 24 hours, 27% during the last seven days, 91% for the month, and 235% for the 90-day span. BTC is also up more than 350% against the U.S. dollar for the last 12 months.
- Despite BTC’s price being so high, the Bitcoin dominance index is a tad lower. The metric shows bitcoin’s market dominance compared to all the other crypto assets in existence is around 68.5%, after riding high above 70% for a while.
- The Bitcoin network hashrate has also skyrocketed during the last 24 hours as miners are dedicating 162 exahash per second (EH/s) to the BTC network. There’s approximately 19 mining pools with hashrate pointed at the blockchain and F2pool leads the pack.
- The pools that follow F2pool include operations such as Huobi Pro, Binance Pool, Antpool, and Btc.com.
- The executive at the Bitcoin Depot, Brandon Mintz, told news.Bitcoin.com that BTC’s scarcity is driving demand. “The scarcity of BTC compared to the printability of dollars is likely to attract savvy individuals looking to diversify their assets in the event of a lapse in the traditional financial system,” Mintz said. “As the adoption rate of BTC increases and the supply remains constant, the value of BTC will only continue to rise.”
- Meanwhile, as BTC crossed a new ATH, digital assets like ETH, ADA, BCH, LINK, and XLM have all seen percentage gains between 8% to 70%. Ethereum’s market cap, which is hovering around $138 billion, is partly the reason BTC’s dominance has dropped a few percentages.
- Currently, the entire market cap of all 7,500+ crypto assets is approximately $1,000,395,709,742 according to exchange data.
For more live crypto market action, check out the real-time exchange stats at markets.Bitcoin.com.
What do you think about BTC’s latest all-time price high? Let us know what you think in the comments section below.
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