🗞 Daily Crypto News & Video, January, 3rd💰

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy!

🗞 BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin

Bitcoin’s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the digital set a new all-time of over $33k.

The new record means it takes about 7 more ounces of gold or an equivalent of $13,855 for one to get a full BTC now than they did on January 1, 2017. Furthermore, the data shows that between December 1st and January 1, 2021, this exchange rate moved up by nearly 50% from 10.52 to 15.41 in favour of the digital asset. During the same period, gold remained almost static, gaining just 4.3% from 1811.51 to $1898.60 per ounce.

From around the start of the last quarter of 2020, when Square Inc and Microstrategy kicked off the institutional investor embrace of bitcoin, the digital asset’s price has 200%. According to markets.Bitcoin.com data, BTC surged from $10,576 on October 1 to over $33,099 on the second day of the new year.

🗞 Bitcoin Options on Deribit Now Go to $200K After Recent Surge

The folks over at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.

That supersedes the $160,000 option as the most traders can bet the leading cryptocurrency will rise to.

Even with today's wild ride, there's been no takers at any strike north of $80,000.

🗞 Wow! Elon Musk’s Favourite Crypto Dogecoin up 121%

The crypto market is booming.

That includes the biggest meme coin, Doge, which is up 121% in 24 hours.

The coin attracted a lot of attention in 2020.

The cryptocurrency market has boomed into 2021 stronger than ever: the price of Bitcoin is setting record after record, interest in Ethereum is through the roof and the DeFi industry continues to grow.

And altcoins also show no sign of slowing down—namely the OG “meme coin,” Dogecoin (DOGE). The price of DOGE was $0.011 at the time of writing, a 121% increase in 24 hours, according to CoinGecko data.

Why the coin is up so much is anyone’s guess. But the coin has been in the limelight a lot in the past year: Elon Musk said it was his favorite cryptocurrency (sending the price up) and a viral TikTok video also encouraged people to invest.

🗞 Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst

On-chain data shows big money continues to chase bitcoin amid the frantic bull run. That’s a sign of institutions catching the “FOMO” bug, according to one analyst.

Institution-focused Coinbase Pro exchange registered an outflow of over 35,000 bitcoin (BTC, +14.64%) worth more than $1 billion early Saturday, according to data source CryptoQuant.

The large outflow comes a day after 12,063 coins left the exchange and represents institutional FOMO (Fear Of Missing Out) buying, according to Ki Young Ju, CEO of the Korea-based blockchain analytics firm CryptoQuant.

Massive outflows from Coinbase Pro usually end in Coinbase's cold wallets for custody, which is directly integrated with the exchange's over-the-counter (OTC) desk. Institutions typically transact over-the-counter in a bid to avoid influencing the spot market price, as discussed in December.

🗞 Daily Crypto Calendar, January, 3rd💰

Swingby (SWINGBY)

"1/3 10% Of Swingby tokens will be gone forever! To improve the governance and tokenomics of the Swingby token, 100,000,000 tokens will..."

Basis Cash (BAC)

"Trading pair: BAC/USDT - Trading time: 17:00 on Jan 2 (UTC+8)"

Seigniorage Shares (SHARE)

"Share staking will go live on 1/3/2020 at 5pm UTC."

Velas (VLX)

"Come and join us for a Telegram Hangout this Sunday, 3 January 2021 at 2pm PST (10pm UTC)"

DexTools (DEXT)

"Hi $DEXT community, we will be hosting an AMA with the founding members of @Velox_global_ this Sunday at 11:30 AM EST."

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