Cryptocurrency price

Cryptocurrency Price Check: Bitcoin Soars on Monday

Bitcoin surged to $53,718 from an overnight low of $47,079 after a two-week slump. The digital asset set a record high of $64,829 earlier this month, largely on the back of excitement over the direct listing of Coinbase Global (PIECE OF MONEY) .

Bitcoin has fallen more than 19% over the past week, dropping from over $63,000 to just over $49,000 on Saturday morning. Cryptocurrencies took a hit after reports of Biden’s capital gains tax proposal and uncertainty as to how it will affect the cryptocurrency market.

Jim Cramer explained why you shouldn’t be afraid of the taxman and why the recent decline in stocks could present an opportunity to buy stocks. Investors took the opportunity to buy falling cryptocurrency names over the weekend.

Despite last week’s drop, more and more institutional names are starting to support the cryptocurrency market.

Former New York Stock Exchange Chairman Thomas Farley has said that cryptocurrency is the best-kept secret in the world and possibly even in the history of financial markets.

Charles Schwab said he was considering offering cryptos to his clients, but was waiting for more regulatory clarity. “If Charles Schwab, the company, decides to participate in the crypto market, we will be very competitive, we will be disruptive and we will be customer-oriented,” said Schwab CEO Walt Bettinger.

First Midwest, a Chicago-based banking institution, has exposure to Bitcoin through the Grayscale Bitcoin Trust (GBTC). His holdings were disclosed in a filing with the SEC on April 15.

During the 4/20 Marijuana Party, D8 Holdings, a leader in THC commodities, announced that it would begin accepting Bitcoin, Dogecoin, and other cryptos for its products. The company even said that it would distribute free THC gummies to those who paid in crypto.

For more in-depth cryptocurrency coverage, including investment recommendations and strategies, follow the Crypto Channel on TheStreet.

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Here is a list of some of the top cryptocurrencies to watch and their performance over the past week based on percentage change around 8 a.m. ET on Monday, April 26.

Bitcoin BTC | $53,718.34

WeWork has announced that it will begin accepting Bitcoin as payment for its services. He also said he would hold various cryptocurrencies on his balance sheet.

Jackson, Tennessee has also started considering adopting Bitcoin and cryptocurrency. The city also said it was exploring the possibility of mining Bitcoin and keeping the crypto on its balance sheet.

Ethereum ETH | $2,516.28

At least 13 $100 million companies said they owned Grayscale Bitcoin Trust this quarter and four more said they owned its Ethereum offering. Rothschild Investment added 265,000 shares of Grayscale Ethereum Trust.

Dogecoin DOGE | $0.27

The popular cryptocurrency Dogecoin, which started out as a joke, hit an all-time high last week, briefly topping 40 cents after trading below a penny as recently as January. This pump came right after Elon Musk tweeted a meme, leading many to believe that there is a strong correlation between Musk’s tweets and coin price movements.

A New York-based family office has developed trading algorithms for Dogecoin and is actively playing the market.

Binance Coin BNB | $544.46

Binance has come under fire from European regulators for its Tesla (TSLA) and Coinbase (COIN) token listings.

Solana SOL | $46.03

Solana is a proof-of-stake cryptocurrency similar to Ethereum in that it offers a platform for building DeFi applications. Over the past week, Solana is up over 35%.

All cryptocurrency price performance is referenced and taken from Coinbase.