Bitcoin prices surged to a new record high on Thursday on the heels of BNY Mellon’s disclosure that it will soon hold, transfer and issue cryptocurrencies.
Eight US Congress members sent a letter to the US Treasury Secretary Steven Mnuchin raising concerns over proposed KYC regulations of cryptocurrency assets.
Ethereum posted a significant gain in 2020 as the price of ETH increased by more than 450%. Ethereum has performed better than Bitcoin this year.
Bitcoin is set to end 2020 with more than 300% gain but BTC investors are worried about high volatility and an uncertain regulatory environment in 2021.
Bitcoin reached a total market cap of $540 billion yesterday as BTC became more valuable than Warren Buffet’s Berkshire Hathaway.