Cryptocurrency Price Check: $ 60,000 Bitcoin and NFT Mania

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Bitcoin surges on Saturday morning as it flirts with a permanent increase of over $ 60,000 to pull back. Bitcoin has risen over 22% last week and 8% in the past 24 hours. Could Bitcoin continue to increase its value from $ 60,000 to $ 100,000 in the future?

JP Morgan (JPM) – Get the report is the latest institutional bank to unveil an investment product with indirect exposures to Bitcoin and other cryptocurrencies.

Shades of grey (GBTC) – Get the report halted new subscriptions to its booming crypto investing products last week after a popular arbitrage exchange in which hedge funds and other wealth managers engaged.

Another booming cryptocurrency-related market that emerged in popularity last month was NFTs or non-fungible tokens, which started with the NBA Top Shot NFT. An NFT is a single digital file stored on a blockchain and some of the examples we’ve seen so far are sports cards, artwork, and photographs.

Popularity grows as critics question valuations, but Christie’s auctioned off an NFT from crypto-artist “Beeple” for $ 69.3 million last week

For more in-depth cryptocurrency coverage, including investment recommendations and strategies, follow the Crypto channel on TheStreet.

Here is a list of some of the top cryptocurrencies to watch and how they performed over the past week by percentage change around 8:30 a.m. on Saturday March 13.

Bitcoin BTC | $ 59,745.56

Norwegian billionaire Kjell Inge Rokke has announced that he has invested $ 58 million in Bitcoin through his Norwegian industrial holding.

Ethereum ETH | $ 1,874.96

The latest development in the way Ethereum handles its transaction fees is on the books for July. This would permanently remove Ethereum coins from circulation, potentially increasing the overall valuation of the asset.

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