Data suggests Bitcoin bull run is only just getting started, here's why

Wall St. Billionaires are entering crypto, plus other highlights this week

Feb 4, 2021

Paypal & Visa enter crypto banking, Mark Cuban reveals his crypto holdings, Guggenheim can finally buy $500M GBTC, Musk pumps the market again, Grayscale adds billions in crypto

The total crypto market cap is $1.3T, up 3.4% over the last 24 hours

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Quick Take:

PayPal to enable crypto payments
One of important indicators during a bull market

“We’ve done a lot of upfront thinking to consider wether we need to have Bitcoin on our balance sheet” - Twitter CFO, Ned Segal

Private equity veteran Glenn Hutchins, along with his son James Hutchins and partner Travis Scher, have launched a new venture capital crypto fund with a list of investors including hedge fund billionaire Paul Tudor Jones, Twitter COO Anthony Noto, Wall Street executive Vincent Viola and former TD Ameritrade CEO Joe Moglia.

Tesla buy $1.5 billion worth of Bitcoin but what’s next?

: Telsa has officially bought $1.5 billion worth of #Bitcoin

The number of Bitcoin withdrawals from exchanges just reached a 3-year high

Grayscale have just reached $30 billion worth of Bitcoin in assets

Over the past 30 days, Grayscale have added 43,217 #Bitcoin worth $2 billion.

Miami Mayor says he’s working on a resolution this week to add Bitcoin to the city’s balance sheet

Since the start of the year, 211 new Bitcoin whale addresses with 1,000 BTC or more were created.

More highlights:

DeFi TLV reaches $38 billion, up from just $600m in 2020

Grayscale add 104,990 $ETH, worth $180 million

Chainlink

Visa begun accepting partners to pilot new crypto API

Miller Value Funds say may "seek investment exposure to Bitcoin”

Ricardo Salinas Pliego changes his twitter bio to Bitcoin.

Ethereum flips Bitcoin in transactions

That's it, you’re up-to-date

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