Bitcoin Weekly Recap Week of August 23 – August 29 2021
Highest ever BTC price ATH of ~$58,300 on August 28th Weekend dip to $45,600 on profit taking and potential Chinese crackdown FOMO caused a quick return to $50k Coinbase becomes a public company via direct listing on April 14 IPO at $250bn, valuing company 20x higher than last private funding round in 2018
Bitcoin had a volatile week, starting off with an all-time high price of around $58,300 on August 28th before dipping to $45,600 over the weekend. The dip was likely due to profit taking and fears of a potential Chinese crackdown on cryptocurrencies. However, FOMO (fear of missing out) quickly drove the price back up to $50,000.
In other news, Coinbase became a public company via direct listing on April 14. The IPO valued the company at $250 billion, 20 times higher than its last private funding round in 2018. This makes Coinbase the most valuable cryptocurrency company in the world.
Joshua Bejerano is a top-level crypto journalist who has been in the business for years. He got his start in the early days of Bitcoin, and has never looked back since. He is a highly respected member of the community, and is known for his incisive analysis and insightful writing.
When he's not busy reporting on the latest news in the crypto world, Joshua enjoys spending time with his family and friends. He is also an avid mountain biker, and can often be found out on the trails near his home.
