Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Inches Towards $50,000 as Crypto ATMs Cross 5,000 in US & Canada

Bitcoin Inches Towards $50,000 as Crypto ATMs Cross 5,000 in US & Canada

Kelly Cromley by Kelly Cromley
Oct 2, 2021
in Bitcoin News, Market News, News
Reading Time: 3 mins read
0

Following the worst monthly loss since May, bitcoin soared, climbing in a short amount of time to its highest daily advance since July. Other crypto currencies also rose in a surprise rebound following the steepest monthly drop since May. Early in New York trade, the biggest cryptocurrency rose as much as 10 percent to $47,884 per unit of value.

Ethereum, Litecoin, and EOS all saw significant gains, with the Bloomberg Galaxy Crypto Index jumping as high as 8.3 percent at one point. As a result of growing concerns about increased regulatory pressure in China and the United States, bitcoin fell 7.6% in September last year. Traders speculated on a number of potential explanations for the increases, while also pointing out that the fractionalized market leaves digital assets susceptible to unpredictable price fluctuations.

Some referred to remarks made by Federal Reserve Chairman Jerome Powell early Thursday morning, while others highlighted price levels that were carefully monitored by technical experts.
“We might be seeing the beginning of some de-correlation with conventional markets here,” said Vijay Ayyar, head of Asia-Pacific at cryptocurrency exchange Luno Pte. “We could be seeing the beginning of some de-correlation with traditional markets here,” he added.

“Though it’s too soon to tell. However, it seems that the overall storyline, which did not play out throughout last year, is beginning to take form. Particularly in light of a great deal of uncertainty about the United States debt limit, the Chinese crackdown, and other issues. Cryptocurrency seems to be in the midst of its own bull cycle, with prices rising.”

According to Powell, who spoke at a Congressional hearing on Thursday, he has “no intention” of prohibiting the use of cryptocurrencies. He did, however, mention that stablecoins could be a good option for regulatory purposes. Despite a drop in the month of September, Bitcoin saw a 25 percent increase in the third quarter. This is in contrast to a decrease of 41% in the previous three months of the year.

Meanwhile, Bitcoin Depot, the world’s biggest and fastest-growing cryptocurrency ATM network, said today that it has reached a new milestone, adding that the business now runs more than 5,000 Bitcoin ATMs throughout the United States and Canada as of today.

In the past six months, the business has more than quadrupled the number of kiosks it has installed, demonstrating its commitment to provide quick and safe access to cryptocurrency transactions for communities all over North America, particularly for the underbanked.

With 5,000+ crypto ATMs, Bitcoin Depot has reached a new and significant milestone, after the company’s five-year anniversary and a long-term relationship with Circle K, says Brandon Mintz, President and CEO of Bitcoin Depot.

“There is no question that the cryptocurrency market has piqued the attention of the general public, and the demand from consumers and retail industry titans continues to rise. Because of this, we will have a better chance of exposing Bitcoin Depot ATMs to people who are looking for easy access to alternative financial services and cryptocurrencies.”

Throughout the years, significant collaborations and honors (such as being named to the Inc. 5000 list) have served to demonstrate Bitcoin Depot’s development and success. The company’s recently announced exclusive collaboration with Circle K, one of the world’s largest convenience and gasoline stores, is a testament of its success and the company’s ongoing growth of BTC ATMs into the general public market.

Having such a large presence in North America shows the growing popularity of cryptocurrencies as well as Bitcoin Depot’s position as a trusted network that provides safe, simple, and quick digital asset transactions to its customers.

Previous Post

OMG Rallies After Roll Out of ‘Boba Network’ Layer-2 Solution

Next Post

Grayscale Includes Solana & Uniswap in Digital Large Cap Fund

Related Posts

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets

by Kelly Cromley
Jun 24, 2025
0

Mantra, a Layer-1 blockchain focused on real-world assets (RWA), has confirmed that Lympid, a platform specializing in the issuance and...

guinevere-capital-partners-with-polemos

Guinevere Capital Partners with Polemos to Boost Web3 Gaming

by Kelly Cromley
Jun 24, 2025
0

Guinevere Capital, a well-established investment firm known for its focus on esports and gaming ventures, has confirmed a strategic partnership...

D'CENT Wallet

D’CENT Expands Web3 Reach with Taiko Partnership

by Kelly Cromley
Jun 24, 2025
0

D’CENT, a pioneer in biometric hardware wallets, has introduced Ethereum Layer-2 solution Taiko as the third featured partner in its...

chromia-partners-with-tac

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
0

Chromia has formalized a strategic collaboration with TAC, a purpose-built Layer-1 network focused on resolving compatibility challenges between Ethereum Virtual...

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Midnight Network

Midnight Network Rolls Out Glacier Drop Airdrop to Millions

by Kelly Cromley
Jun 24, 2025
0

Midnight Network, a privacy-oriented blockchain built on the Cardano infrastructure, has announced an expansive airdrop campaign known as the Glacier...

Next Post
Grayscale Includes Solana & Uniswap in Digital Large Cap Fund

Grayscale Includes Solana & Uniswap in Digital Large Cap Fund

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets
Market News

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets

by Kelly Cromley
Jun 24, 2025
guinevere-capital-partners-with-polemos
Market News

Guinevere Capital Partners with Polemos to Boost Web3 Gaming

by Kelly Cromley
Jun 24, 2025
D'CENT Wallet
Market News

D’CENT Expands Web3 Reach with Taiko Partnership

by Kelly Cromley
Jun 24, 2025
chromia-partners-with-tac
Market News

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
fiserv
Market News

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree