The perception of cryptocurrencies, particularly Bitcoin, as a store of value and even digital gold is becoming more widespread. On the other hand, significant questions about the daily use of cryptocurrencies are increasing. Beyond some companies accepting cryptocurrencies as payment methods and even some countries attempting to adopt them as local currencies, companies are also taking steps to use credit cards with cryptocurrencies. One such step was taken by MetaMask, generating great excitement.
MetaMask and MasterCard Partnership
According to a recent announcement, MetaMask, one of the largest wallet providers in the crypto world, has partnered with Mastercard and Baanx. As a result of this collaboration, they launched the crypto-enabled MetaMask Card for global daily shopping.
This move, which is expected to expand the use of cryptocurrencies, will be closely monitored to see its impact in the coming periods.
Current State of Cryptocurrencies
On Wednesday, August 14, all eyes were once again on the Bitcoin price. Bitcoin’s price continued to rise at the time of writing. In the last 24 hours, BTC saw a 4.53% increase, reaching $61,500. Besides the 24-hour positive outlook, the 7-day price movement also reflected a 7.52% increase. BTC’s market cap was at $1.213 trillion, while its 24-hour trading volume was around $28 billion.
Following BTC, Ethereum showed a recovery from its drop to $2,100 in recent weeks, with ETH experiencing a 4.14% increase in the last 24 hours. This rise in ETH reflects a 12% price movement on a weekly basis.
After the price change in ETH, its market cap surpassed $330 billion and moved towards $350 billion, while its trading volume was around $15.5 billion, indicating a 22.25% decline in interest. This situation could be interpreted as investors‘ strength waning.
