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On May 17, the Hong Kong Special Administrative Region government announced the activation of the alert level under the "Ebola Virus Preparedness and Response Plan" to protect public health. The Centre for Health Protection of the Hong Kong Department of Health stated that it has proactively sought further information from the WHO, the Africa Centres for Disease Control and Prevention, the Democratic Republic of Congo, and the health authorities of Uganda.On May 17, the Israel Defense Forces (IDF) said that on May 16, the IDF killed a commander of the Hamas operations headquarters.May 17th - A recent Japanese public opinion poll shows that, faced with insufficient crude oil supply, 70% of Japanese citizens believe the government should call for energy conservation measures. Japans recent sharp decline in crude oil imports, necessitating two releases of oil reserves, has sparked widespread concern. Kyodo News conducted a telephone survey from May 16th to 17th, asking for public opinion on issues such as insufficient supply of crude oil and its derivatives. The survey results, released on the 17th, show that 70.5% of respondents believe the Japanese government should call for measures to conserve energy and resources. Regarding naphtha, a key raw material for plastics production, 70.6% of respondents expressed "unease" due to insufficient supply.On May 17th, in the second round of the WorldSSP class at the 2026 World Superbike Championship (WSBK) Czech Republic round, Valentin Debis, a French rider from Chinese motorcycle manufacturer Zhang Xue Motorcycles, won the championship again. This marks his second time this season achieving a perfect record in two rounds of a single race, following his victory in Portugal. This is also the fifth championship for the rider and Zhang Xue Motorcycles this season.On May 17th, The Guardian reported that the Labour Partys disappointing performance in recent local elections further exposed Starmers long-standing reputational problems. A recent YouGov poll showed that only 11% of Britons considered Starmer a good or excellent prime minister, while nearly 60% thought he was poor or very poor. However, the report pointed out that Starmer is not the only European leader facing a decline in approval ratings. Data from Statista shows that only 27% of people support Starmer, 65% do not, and 8% are unsure. Notably, German Chancellor Merz fares even worse, with a 19% approval rating and a 76% disapproval rating; French President Macrons situation is similarly dire, with an 18% approval rating and a 75% disapproval rating.

Bitcoin Eyes $50,000, Bitcoin Surpasses Facebook In Market Capitalization

Eden

Oct 26, 2021 11:06

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Bitcoin price today is making a push back to $50,000 for the first time since El Salvador’s checked rollout of the largest cryptocurrency as legal tender at the start of September. Bitcoin was trading nearly 3% higher to $49,407.


Bitcoin rose 1.11% to $49533.7 by 15:50(GMT+8).


Bitcoin had plummeted from more than $52,000 per coin, over 17% on September 7 after El Salvador became the first country to adopt Bitcoin as legal tender as the rollout stumbled in its first hours. 


Other cryptocurrency prices today were mixed with ether, the coin linked to ethereum blockchain and the second largest crypto was trading marginally higher at $3,393.9. Cardano prices slipped nearly 1% to $2.20 whereas dogecoin surged 8% to $0.24.


"All crypto markets have been positive for a few days. The total crypto market capitalization has broken out of the descending channel pattern, indicating some type of trend reversal. We can definitely expect a recovery in the crypto markets, as the RSI indicator for BTC has also broken out of the pattern. With the dollar index weakening slightly compared to the last few days, we can only hope that the cryptocurrency markets will gain some buying momentum," said Siddharth Menon, COO of WazirX.


Meanwhile, cryptocurrency investment products and funds recorded inflows for a seventh straight week, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged $69 million, according to CoinShares data as of October 1. Over the past seven weeks, crypto inflows reached $390 million.


Bitcoin recorded its third straight week of inflows. Ethereum products and funds, meanwhile, posted another week of inflows totalling $20 million, despite conceding market share to bitcoin in recent weeks. Inflows to ether, the token for the Ethereum blockchain, so far this year amount to $1 billion.


Another report showed that India, Vietnam and Pakistan are helping to lead the expansion of cryptocurrency markets in central and southern Asia, according to Chainalysis. India’s market grew 641% over the past year and Pakistan’s 711%, a report from Chainalysis showed, using a metric that estimates the total cryptocurrency received by a country.


Bitcoin Surpasses Facebook In Market Capitalization


Bitcoin achieves another big milestone by surpassing Facebook in market capitalization at over $929,014,620,160 at the time of writing, according to Asset Dash.


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Photo: Asset Dash


Even though Bitcoin has had some setbacks in price earlier this year, BTC continues to rise rampantly. In the past year, Bitcoin is up over 360%, compared to Facebook which is only up 22%. Facebook is just the next giant slain in Bitcoin’s path to becoming the world’s most valuable asset. Note that the comparison here is that of Facebook the publicly traded company and Bitcoin, the monetary asset and distributed network.


Bitcoin was the best performing asset of the last decade and has started off this decade really strong, which poises BTC to potentially becoming the best performing asset of this decade as well.


As we go into Q4 of this year, Bitcoin is primed to capture even more value and grow exponentially higher than what it is today. As we can see below, Bitcoin typically tends to perform well in Q4 of previous years. Q4 2020 was at the beginning of this current bull run we find ourselves in today. Many are predicting an even higher leg up this Q4 due to many circumstances such as the expansion of the monetary supply by central banks, El Salvador making bitcoin legal tender and adding it to their balance sheet, BTC being taken off exchanges by long term holders, and more.


Ranking BTC against the top stocks, it’s clear that Bitcoin is slowly climbing its way to the top of the list. With Bitcoin leapfrogging Facebook, that now puts it in 6th place, right behind Amazon. The next obstacles after that will be in order: Google, Saudi Aramco, Microsoft, then Apple. 

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