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22 April 2021

ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move: Hodler’s Digest, March 28–April 3

ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move: Hodler’s Digest, March 28–April 3

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week.

Altcoins have been in the driver’s seat this week, with Ether breaking$2,100 for the very first time — besting the ATH of$2,036that was set on Feb.

ETH’s pricebroke out against Bitcoinfor the first time in 23 days on Thursday, not long after credit card giant Visa announced it was piloting a program that willallow its partners to use Ethereum’s blockchainto settle transactions made in fiat.

Bitcoin may be struggling to find its footing above$60,000 right now, but at least we can take succor in how well the cryptocurrency has performed so far this year.

Across the first quarter of the year, covering January to March, Bitcoin also gained103%, clocking up the best performance in eight years.

Traditionally, Q2 is the strongest time of the year for Bitcoin — with only two years seeing negative returns, both under 10%.

In other upbeat developments, BTC has justclosed six consecutive monthly green candlesfor the first time since April 2013, and should history repeat itself, we could see further parabolic gains this year.

Bitcoin’s bounce back from$55,000 was likely fueled by PayPal’s announcement that crypto will now be accepted as a medium of exchange at millions of global merchants.

Crypto will be converted into fiat as soon as the transaction takes place, and the payments giant says this will create “certainty of value and no additional transaction fees.”.

In other news,intrepid Cardano developershave found a way to mint bootleg nonfungible tokens — despite the fact that the blockchain doesn’t support smart contracts yet.Meanwhile, The Weeknd announced he’s releasing his first NFT via Nifty Gateway, featuring “new music and limited edition art.”.

New figures this week showed that 41 of the 42 trading strategies tested by Markets Pro are currently beating Bitcoin’s investment returns, and 36 of them are winning against an evenly weighted basket of the top 100 altcoins.

After previously declaring that Bitcoin will be worth “infinity” in the future(Digests passim), Kraken CEO is making a triumphant return to Prediction of the Week.

This is believed to be the first time that authorities in the country have sold confiscated Bitcoin — and at the time the crypto was seized, it was worth a paltry$238,000

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