Price analysis 10/21: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV

The crypto markets are cheering PayPal’s decision to allow its customers to use cryptocurrencies to shop from its vast merchant network. PayPal also revealed that U.S. account holders will be able to buy, sell, and hold cryptocurrencies in the PayPal app.

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Bahama Central Bank Launches Milestone Digital Currency – BeInCrypto

The Central Bank of the Bahamas has officially launched a national digital currency.

Minted by the country’s monetary authority, the launch of the Caribean island nation’s new central bank digital currency (CBDC) was announced via Twitter on Tuesday.

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USDC Is Growing Faster Than Tether Amid Stablecoin Boom – Decrypt

USDC, The US dollar-pegged stablecoin run by crypto exchange Coinbase and payments platform Circle, today announced Solana as its fourth “official” blockchain, after Ethereum, Algorand and Stellar. 
Upon the announcement, the market cap of USDC jumped up by $53 million to $2.

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10% of Bitcoin’s supply has been untouched for over 10 years: report

A significant amount of Bitcoin’s (BTC) total supply has not moved for 10+ years, according to data from cryptocurrency analytics data provider Glassnode.
During this decade-long interim, 1.8 million bitcoin (of the current 18.5 million supply) have been locked in dormant Bitcoin addresses.

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Ethereum Value Transactions Now Outstrip Bitcoin Two-to-One

Massive spikes in stablecoin and decentralized finance (DeFi) transactions have seen Ethereum (ETH) overtake Bitcoin (BTC) in total value transaction volume.

The Ethereum network has also suffered multiple network congestions owing to this uptick.

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What a Second Trump Term Would Mean for Bitcoin – Decrypt

In brief

US President Donald Trump has stated that he’s “not a fan” of Bitcoin.
The Trump administration has not pursued regulation of cryptocurrencies, although agencies are dealing with crypto’s impact.
Continued inflation and economic struggles could push people towards Bitcoin.

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