After slight price losses, Bitcoin starts the new week with a small plus. Meanwhile, more and more US politicians are investing in cryptocurrency.
After slight price losses in the past few days, Bitcoin is back in the black for the start of the new week. The digital store of value recovered from the turbulence at the weekend and is now trading at a daily plus of 2.5 percent. This means that the crypto reserve currency opens at a similar trading level as last week. However, the industry leader is still a long way from reaching the targeted 40,000 mark. At press time, Bitcoin is trading at $ 34,372.
Ethereum is also stabilizing further. After the ether price fell from $ 2,382 to $ 2,062 last week, ETH is consolidating at $ 2,154 at the time of going to press. The price increase of Bitcoin meanwhile also pulls large parts of the Altcoin sector with it. Uniswap (UNI), Binance Coin (BNB) and Ripple (XRP) have the best performance among the top 10 coins, with price gains of between 4 and 5 percent. This is followed by Cardano (ADA) and Dogecoin (DOGE) with 2 percent each. Polkadot (DOT), which can improve by almost 1 percentage point, was hardly influenced.
US Senator invests in Ethereum and Bitcoin
Even if not too much has changed over the weekend in terms of course technology, things seem to be moving forward in terms of crypto adoption. After several US banks and other financial service providers recently announced that they would be granting their customers access to crypto currencies, some US politicians expressed the desire to enter the crypto space. Patrick Toomey is one of them.
So exists in the “United States Senate Financial Disclosures ”, a type of transparency register for government officials entry of the US Senator from Pennsylvania. There are two investments from mid-June in Ethereum and Bitcoin. Both deposits were made through the largest asset manager for digital assets, Grayscale. The exact investment volume is not known. However, the document indicates a range between $ 1,000 and $ 15,000 per investment. As reported in the US media, Toomey is said to have called for stricter reviews of cryptocurrencies in a letter to Treasury Secretary Yellen a few days before his investment.
The senator is not the only politician in the US who dared to set foot in crypto space. For example, Wyoming Senator Cynthia Lummis owns a total of five Bitcoin. Aside from her investments, Lummis made international headlines when the first decentralized, autonomous organization (DAO) was approved in her state. Since the Chinese government’s rigorous crackdown on crypto miners, the Republican has also been vying for digital miners. “If you work in the Bitcoin Mining sector, please get in touch. We WANT you in Wyoming, ”Lummis said via Twitter.