Data from CryptoCompare shows that the price of Bitcoin hit a new all-time high last week, close to $69,000 but failed to breach the $70,000 barrier.
Ethereum’s Ether, the second-largest cryptocurrency by market capitalisation, hit a new all-time high last week, close to the $5,000 mark after making a new high.
Both Bitcoin and Ethereum have been making headlines in the cryptocurrency space because of their new highs.
The CPI is used to measure inflation in the US economy, which essentially leads to the decline of the purchase power of the US dollar.
Data shows that while retail investors have been betting on meme-inspired cryptocurrencies throughout the year, there has been a recent retreat back to Bitcoin and the original meme cryptocurrency Dogecoin.
MiamiCoin was launched through CityCoins, an open-source protocol that allocates 30% of its reward to cities when their coins are bought or mined.
The new team will be led by Tess Rinearson and will “set the strategy for the future of crypto at Twitter”.
Similarly, payments giant Mastercard has partnered with cryptocurrency and fintech platforms Amber Group, Bitkub, and CoinJar to launch cryptocurrency payment cards in Asia Pacific.
The initiative is part of the firm’s global crypto card program, which is looking to support cryptoassets as payment tools.
BlockFi’s futures filings came after SEC Chair Gary Gensler hinted he’d be more likely to approve a futures-based Bitcoin ETF.