Bitcoin jumps 5%, Shiba Inu 6%; German Deutsche Telekom AG invests in Polkadot

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In a major but surprising rebound in crypto investor sentiment, the prices of most crypto tokens traded with big gains. Bitcoin recovered the $ 49,000 mark, while the Shiba Inu meme coin gained over 6%. The crypto market now has a market cap of $ 2.29 trillion, an increase of 4.48% over the past 24 hours, according to data from coinmarketcap.com at 8:22 a.m.

German Deutsche Telekom AG has jumped into the crypto space again, this time with Polkadot. Deutsche Telekom’s digital innovation arm, T-Systems Multimedia Solutions (MMS), will provide node runtime infrastructure to users who put their assets on the Polkadot blockchain. Apart from that, T-Systems also purchased a significant but undisclosed amount of DOT (Polkadot’s native token) as an investment, coindesk reported.

The world’s oldest cryptocurrency, Bitcoin (BTC), recovered the $ 49,000 mark to trade at $ 49,350.71, indicating a jump of 5.04%. Rival Ethereum (ETH) was also trading in the green zone with gains of 3.50% to $ 4,063.15. Cardano (ADA) is trading with gains of 5.02% at $ 1.30. Algorand, known as the Ethereum killer, rose 4.53% to $ 1.36. Its market capitalization now stands at $ 8,632,977,036.

Among other major coins, Binance Coin (BNB) is up 2.56% to $ 533.28, but surprisingly the Binance-Bitcoin pair is down 2.45% to 0.0108 BTC. Solana (SOL) managed to recover a bit from yesterday’s crash and is trading at $ 180.17 with gains of 4.60%.

The top winner today was CryptoMafia ($ CMF), which was up 908.97% to $ 0.00000000003541. The big loser was Moontography (MTGY), which is trading at $ 0.0001852, down 97.47% in the past 24 hours.

Meme Coins

Dogecoin (DOGE) is available for $ 0.1717 with payouts of 2.50 percent. ELON is trading with a massive gain of 13.53 percent to $ 0.00001176 and Floki Inu is up 2.67 percent to $ 0.0001212. Samoyed Coin (SAMO) is trading at $ 0.04115, indicating a gain of 2.82%.

Canadian agency Ask My Doctor has alleged that the creators of Shiba Inu are fraudsters because they hide their true identities behind a veil and have since emptied all their holdings of SHIB tokens, Yahoo Finance reported. Investors in Shiba Inu seem to have paid little or no attention to this news as it is trading with a whopping 6.40% gain at $ 0.00003338.

Latest updates

Jack Dorsey, who recently left Twitter to focus on his own startup, was seen answering Cardi B’s question on Twitter about whether crypto would replace the dollar or not. He said, “Yes, Bitcoin will.”

Visa, a leading payment network provider, has completed the acquisition of Currency Cloud, a global platform that provides integrated B2B cross-border payment solutions. Interestingly, Currency Cloud partnered with Ripple, a business-focused blockchain for processing payments last year, Businesswire.com reported. So now Visa has jumped straight into the crypto payments space.

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