BitPay CCO Believes Big Business Will Push Bitcoin’s Price Even Higher, Virtual Racing Car in Blockchain Game Sells for Over $110,000, & Other News

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One-minute letter by Cointelegraph What's going on with the crypto markets today? Read our price analysis. The number of wallets holding between 1,000 and 10,000 bitcoin has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip, according to a new report by Diar. A senior executive at cryptocurrency payments processor BitPay told Bloomberg on May 29 that bitcoin will only expand higher from its current price. An unknown user bought a virtual racing car for upcoming blockchain-based game F1 Delta Time for 415.9 ether ($110,600 at the time of sale), according to information on the game's website. ⁠Bitcoin trading volumes in South Korea have recorded record highs of around 219 million South-Korean won ($185,000) on p2p exchange LocalBitcoins. 1.5 mln people follow us on social media Download our official free app

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