Crypto firms reported an increase in retail activity as US stimulus hit bank accounts, according to crypto news outlet TheBlock.
Coinbase is preparing for its direct listing scheduled for April 14.
On April 1, Morgan Stanley added Bitcoin trading to 12 of its existing institutional funds using cash settled futures and investments with the Grayscale Bitcoin Trust.
Morgan Stanley in a presentation to the US Securities and Exchange Commission said that “bitcoin and bitcoin futures have generally exhibited significant price volatility relative to traditional asset classes.”
Separately, Bitcoin’s mining difficulty hit a record this week, dimming prospects for continued record revenue for miners.
The increased difficulty was due to the blockchain’s hash rate or computing power not being able to keep up with the Bitcoin price surge due to global chip shortages.
On March 31, European Central Bank (ECB) President Christine Lagarde said in an interview with Bloomberg that the organization could be looking to launch a central bank digital currency within four years.
For more detailed coverage of cryptocurrencies, including investment recommendations and strategies, follow the Crypto channel on TheStreet.
Here’s a list of some of the top cryptocurrencies to watch and their performance last week for the percentage change around 9 a.m. ET on Sunday, April 4.
Bitcoin BTC | $ 57,850.48
BlackRock has started trading Bitcoin futures, according to filings with the US Securities and Exchange Commission published on March 31.
Ethereum ETH | $ 2,070.99
Ethereum price hit a new all-time high of over $ 2,060 on Friday, according to data from TradingView. ETH topped $ 2,000 for the first time in late February. The previous all-time high was $ 2,041, reached on February 20.
Dogecoin DOGE | $ 0.056
Tesla (TSLA) – Get report CEO Elon Musk tweeted on Thursday that his aerospace manufacturer and space transportation services company SpaceX will put a Dogecoin on the moon. Since Musk tweeted on April Fools’ Day, it was unclear whether the tweet was a joke or not.
Binance Coin BNB | $ 343.70
Binance Coin has been on the rise for the past week, gaining more than 27% last week, as it appears to be holding its price above $ 300.
Cardano ADA | $ 1.18
Cardano had one of the highest percentage returns in the first quarter, but was only up 0.51% last week
Polkadot DOT | $ 44.24
Polkadot’s coin is up more than 35% last week. Polkadot is helping to create a decentralized website created by the Web3 Foundation.
All cryptocurrency price returns are referenced and pulled from Coinbase.