Bitcoin breaks through $40,000, and blockchain concept stocks strengthen

Data on August 6 showed that Bitcoin broke through the $40,000 mark. With the completion of the London upgrade of the Ethereum mainnet, the price of ETH has risen significantly, breaking through US$2,700. At the same time, multiple conceptual blocks of the blockchain are also showing an upward trend.

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It is worth noting that Bloomberg analyst Mike McGlone gave an optimistic outlook for Bitcoin in the August cryptocurrency outlook report and pointed out that Bitcoin will outperform the market in the second half of this year, and it is expected that Bitcoin will return $100,000.

In terms of transaction data, transactions with a scale of more than $1 million are on the rise. In addition, Deribit data shows that as of 12:00 Beijing time, the volume of Ethereum call options expiring on March 25 next year surged to 27,870 today, with a nominal value of more than $77 million, of which the exercise price of the call option with the largest number of transactions For 50,000 U.S. dollars and 40,000 U.S. dollars, 12,764 and 12,509 were sold.

In addition, according to a new study by Fortune Business Insights, the size of the cryptocurrency market in 2021 will be 754 million U.S. dollars and will reach 1.758 billion U.S. dollars by 2027, with a compound annual growth rate of 11.2%. Among them, the North American market will remain at US$250.9 million in 2021 and is expected to double in the next few years.

At the same time, the block chain concept stocks also showed a strong trend, the sector rose 0.68%. Among them, the A-share digital currency sector rose. Contact Interactive (002280.SZ) and Digital Authentication (3005789.SZ) rose by more than 5%; Jingu shares (002488.SZ), Meiya Pico (300188.SZ), Gaoweida (300465) .SZ) and other stocks rose.

Sifang Jingchuang, a listed company on the central bank’s digital currency main line, rose 0.90%, and digital certification rose 4.91%. In terms of digital assets, Donggang shares rose 0.28%.

In terms of Hong Kong stocks’ blockchain concept stocks, Huobi Technology rose 6.42%, Ouke Cloud Chain rose 1.75%, and Xiong’an Technology rose 0.45%.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/bitcoin-breaks-through-40000-and-blockchain-concept-stocks-strengthen/
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