{"id":3806,"date":"2021-02-10T09:47:05","date_gmt":"2021-02-10T08:47:05","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3806"},"modified":"2022-03-15T11:13:36","modified_gmt":"2022-03-15T10:13:36","slug":"crypto-highlights-week-6-tesla-makes-a-grand-entrance-to-the-crypto-market-by-investing-1-5b-in-bitcoin","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3806","title":{"rendered":"Crypto Highlights Week #6 \u2013 Tesla makes a grand entrance to the crypto market by investing $1.5B in bitcoin"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><em>Tesla bags the weekly spotlight with $1.5B investment, Successful Bitcoin Bootcamp by Michael Slayor\u2019s MicroStrategy, French push EU for lenient terms for crypto. There is more in this week\u2019s Crypto Highlights.&nbsp;<\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#France_wants_to_change_European_regulations_on_crypto_and_blockchain\" title=\"France wants to change European regulations on crypto and blockchain\">France wants to change European regulations on crypto and blockchain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Tesla_makes_a_grand_entrance_to_the_crypto_market_by_investing_15B_in_bitcoin\" title=\"Tesla makes a grand entrance to the crypto market by investing $1.5B in bitcoin\">Tesla makes a grand entrance to the crypto market by investing $1.5B in bitcoin<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Future_Outlook_for_Bitcoin_Looked_Positive_as_Over_1400_firms_lined_up_for_the_upcoming_Bitcoin_Bootcamp_by_MicroStrategy\" title=\"Future Outlook for Bitcoin Looked Positive as Over 1400 firms lined up for the upcoming Bitcoin Bootcamp by MicroStrategy\">Future Outlook for Bitcoin Looked Positive as Over 1400 firms lined up for the upcoming Bitcoin Bootcamp by MicroStrategy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Smart_promises_a_bright_future_for_its_Token_holders\" title=\"Smart promises a bright future for its Token holders\">Smart promises a bright future for its Token holders<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Bitcoin_edges_closer_to_50k_as_altcoins_continue_to_set_new_ATHs\" title=\"Bitcoin edges closer to $50k as altcoins continue to set new ATHs\">Bitcoin edges closer to $50k as altcoins continue to set new ATHs<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/3806\/#Meme_Of_The_Week\" title=\"Meme Of The Week\">Meme Of The Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3810\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Depositphotos_443699914_s-2019.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Depositphotos_443699914_s-2019.jpg 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Depositphotos_443699914_s-2019-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Depositphotos_443699914_s-2019-768x512.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li><strong>Tesla buys $1.5B worth of bitcoins to give way to a bull run at the start of the week<\/strong><\/li>\n<li><strong>Over 1400 sign-ups at MicroStrategy Bitcoin Bootcamp rattles the entire crypto network.&nbsp;<\/strong><\/li>\n<li><strong>French insist on EU adopting its stance on regulations against crypto and blockchain&nbsp;<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"France_wants_to_change_European_regulations_on_crypto_and_blockchain\"><\/span><a href=\"https:\/\/www.reuters.com\/article\/us-france-cryptocurrencies-idUSKCN1RR1Y0\" target=\"_blank\" rel=\"noopener\"><b><i>France wants to change European regulations on crypto and blockchain<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3811\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/bitcoin-blockchain-cryptocurrency-france-amf.png\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/bitcoin-blockchain-cryptocurrency-france-amf.png 1458w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/bitcoin-blockchain-cryptocurrency-france-amf-300x169.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/bitcoin-blockchain-cryptocurrency-france-amf-1024x576.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/bitcoin-blockchain-cryptocurrency-france-amf-768x432.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Robert Oph\u00e8le, chairman of Autorit\u00e9 des March\u00e9s Financiers, <\/span><a href=\"https:\/\/www.amf-france.org\/en\/news-publications\/public-statements\/speech-robert-ophele-amf-chairman-afore-consulting-5th-annual-fintech-and-regulation-regulatory\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">addressed<\/span><\/a><span style=\"font-weight: 400;\"> regulatory issues on crypto &amp; blockchain at the 5th Annual Conference on FinTech and Regulation. The official argued that the current regulatory framework needs to be updated and as such financial supervisors must look to a new approach for regulating blockchain-based financial instruments due to the massive growth witnessed in the cryptocurrency market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a statement made by France\u2019s top official, Oph\u00e8le proposed that the European Securities and Markets Authority are also known as ESMA&nbsp; should be the governing authority for this new area of regulation.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAs this regulation is brand new, it is easier to provide ESMA with competence from the outset than if this is considered at a later stage. Moreover, it would make sense to gather all the expertise within the same authority, since the cost of entry in the crypto-world is quite high.\u201d He commented.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The French official opted for more enabling regulations, including a regulatory sandbox which would be a mandatory need for the security token industry. Oph\u00e8le further stated that current rules restrict the advancement of blockchain technology as they were designed to cater to centralized systems and not understanding DLT.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will this be the push EU needed to adopt a more favorable regulatory approach for the fast-growing crypto industry?<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tesla_makes_a_grand_entrance_to_the_crypto_market_by_investing_15B_in_bitcoin\"><\/span><a href=\"https:\/\/ca.finance.yahoo.com\/news\/tesla-invests-1-5b-bitcoin-130002141.html\" target=\"_blank\" rel=\"noopener\"><b><i>Tesla makes a grand entrance to the crypto market by investing $1.5B in bitcoin<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3812\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla.jpg\" alt=\"\" width=\"700\" height=\"420\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla.jpg 1200w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla-300x180.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla-1024x614.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla-768x461.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The US Treasury experts have been unable to fathom the reasoning behind Tesla\u2019s investment of 1.5 Billion USD into bitcoin. Many corporate treasury commenters were seen expressing their disapproval of Tesla\u2019s recent investment. Tesla\u2019s investment yesterday gave rise to y<\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-43k-all-time-high-as-tesla-invests-1-5-billion-in-btc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">et another Bull run<\/span><\/a><span style=\"font-weight: 400;\"> for bitcoin in the crypto market.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For nearly 3 weeks, bitcoin had been hovering around the $38k region before plummeting over the $42k range following Elon Musk\u2019s Tesla investment. Many believed that it needed something extraordinary to happen for BTC to break free from the resistance around the $40 range and to the excitement of many, Tesla provided the surge that was necessary to push it well beyond its previous ATH. Bitcoin managed to register a new ATH closer to $48k, as it was inching its way towards the mighty $50k.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before Tesla made its entry, many other investment firms such as MicroStrategy, Greyscale Investments have been accumulating bitcoin in large quantities. Reporting to CNBC Michael Saylor has stated,&nbsp;<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">\u201cCompanies that are converting their dollars into Bitcoin are taking a non-performing asset [cash] and they are turning it into the best performing asset. Bitcoin has been appreciating at something like 230% year after year for a decade [\u2026] I\u2019d rather have a volatile appreciation at 230% a year than a stable depreciation at a rate of 15 to 20% a year.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">However, Elon Musk\u2019s Tesla is only the latest in a fast-growing list of publicly traded companies holding bitcoin on their balance sheets.&nbsp; This new-found interest to invest in Bitcoin has now become an investment trend that will soon follow from big firms to relatively smaller hedge fund managers, family wealth funds, and non-crypto analysts.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b>Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Future_Outlook_for_Bitcoin_Looked_Positive_as_Over_1400_firms_lined_up_for_the_upcoming_Bitcoin_Bootcamp_by_MicroStrategy\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/1-400-sign-up-for-microstrategy-s-corporate-bitcoin-buying-bootcamp\" target=\"_blank\" rel=\"noopener\"><b><i>Future Outlook for Bitcoin Looked Positive as Over 1400 firms lined up for the upcoming Bitcoin Bootcamp by MicroStrategy<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3809\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/996155822de8102a374e73f860960c68.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/996155822de8102a374e73f860960c68.jpg 958w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/996155822de8102a374e73f860960c68-300x200.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/996155822de8102a374e73f860960c68-768x512.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><a href=\"https:\/\/www.microstrategy.com\/en\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">MicroStrategy<\/span><\/a><span style=\"font-weight: 400;\">, was one of the first major institutions to place its trust in Bitcoin. The business intelligence firm enjoyed over 130%+ gains from its investment of $1Billion in BTC, purchased last year. The learnings from investing in crypto especially on its biggest asset &#8211; Bitcoin, has put MicroStrategy\u2019s name on center stage on many occasions in the past few months. All of these reasons led MicroStrategy to host a webinar on corporate Bitcoin strategy.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The seminar became a much-discussed topic among the crypto community. It peaked interest from many corporates both big and small, as institutional investments in bitcoin grew by the day.&nbsp; The seminar took place over the 3rd and 4th of Feb, with five one-hour sessions scheduled for the first day, and twice as many 30-minute sessions slated for the second.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Topics discussed included strategies for incorporating Bitcoin into treasury reserves and related questions regarding Bitcoin taxation. The discussions also extended to accounting, legal background, and auditing considerations for firms who have an interest to pursue this strategy. The second day of the summit also saw feature presentations from several top crypto exchanges and fund managers. Among them were Coinbase, Binance, &nbsp;Grayscale, and Galaxy Digital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With over 1400 firms attending the Bitcoin Bootcamp, it\u2019s only fair to assume that more institutional investments would flow into Bitcoin in the weeks, months ahead.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Smart_promises_a_bright_future_for_its_Token_holders\"><\/span><a href=\"https:\/\/bitcoinist.com\/smart-advertising-transaction-token-satt-doubles-down-on-decentralization\/\" target=\"_blank\" rel=\"noopener\"><b><i>Smart promises a bright future for its Token holders<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2830\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Satt.pn_.jpg\" alt=\"\" width=\"700\" height=\"259\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Satt.pn_.jpg 851w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Satt.pn_-300x111.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Satt.pn_-768x284.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">To fulfill our promise of a fully decentralized, open-source blockchain-based advertising solution, we have embarked on a 6-month road map aimed at making all products under the SaTT ecosystem fully open-source. With this move, we aim to build a project that can benefit from community contributions and exceed our vision and know-how, establishing itself as a universal reference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Decentralized Exchanges (DEX) promises to be a big thing in the coming years, we have taken a step ahead of time to make SaTT tradeable across multiple blockchains. Our timely listing on Binance DEX, a decentralized crypto trading platform based on Binance Chain helped SaTT achieved new heights in the crypto marketplace.&nbsp; For SaTT, this came as the second DEX listing following its incumbent listing on Uniswap late last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the unveiling of BSATT, a BEP8 token optimized for the Binance Chain users are able to list directly against BNB and\/or BUSD without undergoing the voting process of validators. Furthermore, the BSATT BEP8 token can also be elevated to the BEP2 token when it has gained enough liquidity and maturity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a comment from a SaTT senior-level employee,&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c We will be focused on releasing our enterprise crypto wallet for iOS users, redeploying the SaTT wallet interfacing, adopting \u201cPay by SaTT\u201d for enterprise e-commerce, and many more. \u201d&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_edges_closer_to_50k_as_altcoins_continue_to_set_new_ATHs\"><\/span><a href=\"https:\/\/fortune.com\/2021\/02\/09\/bitcoin-50k-with-tesla-now-on-board-crypto-bulls-say-the-skys-the-limit\/\" target=\"_blank\" rel=\"noopener\"><b>Bitcoin edges closer to $50k as altcoins continue to set new ATHs<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3808\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9.jpg\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9.jpg 1600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-300x169.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-1024x576.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-768x432.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Several altcoins continue to move on an upward trend hitting new yearly highs, while a bull flag on Bitcoin suggests traders are preparing for a run at $50,000.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Growing institutional interest in Bitcoin (BTC) helped elevate the most desired cryptocurrency to a new record high on Feb. 9. It also led Bitcoin to a total market cap value higher than the <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-flippens-russian-ruble-after-tesla-purchase\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">market cap of the Russian ruble<\/span><\/a><span style=\"font-weight: 400;\"> which is a great testament to the powerfulness of bitcoin as a currency.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market data from <\/span><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TradingView <\/span><\/a><span style=\"font-weight: 400;\">showed Bitcoin established a new all-time high north of $48k at&nbsp; $48,220 in the early hours on Tuesday and has since pulled back to $47 region, marking a 9.24% increase over the past 24-hours.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking at some of the market sentiments from known crypto traders indicate,<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe target for consolidation is near $52k, where I\u2019m expecting a bit of a correction but the measured move overall should take us towards $63,000.\u201d says Decentrader Telegram channel filbfilb.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cYou can call me crazy, but I think we\u2019ll see 50k soon\u201d says crypto trader Loma.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While bitcoin looks to surge past $50k, many altcoins including Ethereum set new ATHs as well. <\/span><a href=\"https:\/\/cointelegraph.com\/ethereum-price-index\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ETH<\/span><\/a><span style=\"font-weight: 400;\"> price surged to a new high at $1,825, following the launch of Ether futures contracts at CME. Data from CoinMetrics suggests that the CME launch could lead to accelerated inflows into the Grayscale Ethereum Trust (ETHE).<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meme_Of_The_Week\"><\/span><b>Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3807 size-full\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/MW-FT521_bitcoi_20170831175202_NS-e1612945004745.png\" alt=\"\" width=\"482\" height=\"477\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/MW-FT521_bitcoi_20170831175202_NS-e1612945004745.png 482w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/MW-FT521_bitcoi_20170831175202_NS-e1612945004745-300x297.png 300w\" sizes=\"auto, (max-width: 482px) 100vw, 482px\" \/><br \/>\nWe hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2021\/02\/02\/crypto-highlights-week-5-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Tesla bags the weekly spotlight with $1.5B investment, Successful Bitcoin Bootcamp by Michael Slayor\u2019s MicroStrategy, French push EU for lenient terms for crypto. There is more in this week\u2019s Crypto Highlights.&nbsp; Top Headlines Of The Week Tesla buys [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[81,105,106],"class_list":["post-3806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories","tag-bitcoin-news","tag-crypto-news","tag-crypto-weekly"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=3806"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3806\/revisions"}],"predecessor-version":[{"id":10986,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3806\/revisions\/10986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3115"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}