Major coins were steady as the global cryptocurrency market capitalization rose 2.1% to $2.85 trillion Thursday evening.
What Happened: Bitcoin BTC/USD rose 0.39% to $64,914.25 over 24 hours. The number one coin by market cap has risen 6.15% for the week.
The second-largest cryptocurrency by market cap, Ethereum ETH/USD, gained 2.59% to $4,734.85 over 24 hours. Over a seven-day period, it has risen 5.35%.
Dogecoin DOGE/USD was up 3.18% at $0.26. Over the last seven-day period, it has risen 1.36%. Shiba Inu, a rival meme cryptocurrency, jumped 11.51% higher to $0.00005544. For the week, it has spiked 15.19%.
The top 24-hour gainers at press time, as per CoinMarketCap data, were UMA, Mina, and Horizen.
UMA soared 37.09% to $19.33, Mina gained 15.63% to $6.22, while Horizen was up 14.99% to $106.66 in the period. Mina touched an all-time high of $6.57 on Thursday.
See Also: How To Buy Bitcoin (BTC)
Why It Matters: Bitcoin touched an all-time high of nearly $69,000 earlier this week on Wednesday.
Nearly $64 million of long positions in the apex coin were liquidated within just two hours of it touching the all-time high, as per data from Glassnode, an on-chain analytics firm.
The sell-off post the highs in BTC appears to have been caused by a decline in leveraged positions.
Miami’s Mayor Francis Suarez said Thursday that the city would become the first in the world to give a Bitcoin dividend based on the MiamiCoin City Wallet yield.
In an interview with CoinDesk, Suarez revealed that the MiamiCoin program has already generated over $21 million in less than three months, which is roughly one-fifth of the entire tax revenue of the city.
The mayor said that the city would take “its first draw and stake the remaining balance in Bitcoin.” As per Suarez, "We're going to create a digital wallet for our residents, and we're going to give them a bitcoin directly from the yield of MiamiCoin."
Meanwhile, the rate of change for Ethereum has “become almost zero” after the London Hard Fork, as per Ki Young Ju, the CEO of CryptoQuant, a community-driven analytics platform.
“Just like Bitcoin, ETH is now a scarce asset with limited supply,” tweeted Ki on Thursday.
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