Bitcoin News Roundup for Dec. 21, 2020

With BTC retreating from its eight-day streak of gains and MicroStrategy’s most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup.

MicroStrategy is transforming itself into corporate America’s boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.

For many, bitcoin is hedge against inflation. But it’s also a safety play for a world where old ideas about economics are up in the air.

Digital asset investment firm and CoinDesk sister company Grayscale is sucking up so much bitcoin it could sway prices.

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Cryptocurrencies: 16,229
Markets: 1,197
Marketcap: $ 3.49 T
24h Vol: $ 179.73 B
BTC Dominance: 54.99%