CoinDesk - Unknown

Bitcoin News Roundup for Jan. 7, 2021

With the price of bitcoin up another $2K and the cryptocurrency sector now valued at more than a trillion dollars, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

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With the price of bitcoin up another $2K and the cryptocurrency sector now valued at more than a trillion dollars, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

UPDATE: Bitcoin broke through $39,000 as this episode was released

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Today's stories:

The leading cryptocurrency hit a new-all time high of $38,286.65, before settling down to $36,004.99, up 5.93% over the last 24 hours.

During 2017's bull run, the market peaked at a $760 billion total value.

The token is at the highest level since November 2018 in what one observer called a "perfect storm."

The cryptocurrency tax was originally planned to be implemented in late 2021.