It’s Invest Diva’s Kiana Danial https://www.investdiva.com/ with News BTC and today is the anniversary of Bitcoin reaching the all-time-high level of $20K.
That’s right, last year on December 17th, the crypto bubble reached its peak. The crypto market celebrated this anniversary by seeking what seems to be a temporary relief. Majority of cryptos including Ripple (XRP), Ethereum (ET), and EOS (EOS) saw double-digit gains on Monday before erasing some of the gains by the end of New York’s trading session. Besides the bubble-burst anniversary, there are other updates in the crypto industry you can celebrate.
For example, the U.S. based Coinbase exchange has partnered with PayPal to enable immediate, zero-fee withdrawals.
To top this up, the exchange has also added a crypto-to-crypto- trading function to its platform for its customers. This means you can expand your crypto trading portfolio without having to move your crypto assets to other exchanges who already offer this option. If you’re one of those crypto traders who’s excited about this news though, be careful because trading more frequently can also increase your risk.
Make sure you’re not double-dipping the same crypto when choosing your trading pairs either.
Another celebrate-worthy piece of news, especially if you’re into shopping and putting on makeup like I am, is about the cosmetic chain, Sephora.
CoinDesk reports that Sephora has joined the list of retailers where shoppers can earn cash back, in the form of bitcoin, through an app called Lolli. A perfect shopping excuse for shopaholics during the holiday season.
Last but not least, online retailer Overstock.com’s subsidiary tZERO has been hired by a private equity firm to develop a token for trading cobalt. I personally own Overstock.com’s equity because it gives my portfolio exposure to the crypto industry, but the market didn’t seem to like the news and Overstock shares dropped 20% on Monday. That’s it from me today, let me know your thoughts on all this in the comments, and subscribe to get more of my updates.