The most popular cryptocurrency, Bitcoin, has re-entered the $28.K support line. The token had crossed the $30k threshold at press time, following a 3% increase in the past 24-hours. However, there is room for more. Bitcoin may rally if it breaks through the $30.6K barrier zone. What Motivates Bitcoin’s Bull Trend Right Now CryptoQuant CEO
Following months of discussion to ban digital currencies, Russia has made a u-turn to incorporate the asset class into its monetary system. Trade Minister Denis Manturov revealed that the government is working on implementing some policies to support the use of virtual currencies in the nation. When asked about paying for goods and services in
The Republic of South Korea is strengthening its probe of the cause of the TERRA (LUNA) crisis. The plunge in the asset price allegedly threatens to incite widespread investor withdrawals from the blockchain-powered gaming company. The country has received reports on the crisis that hit the digital assets market and led to LUNA’s de-pegging. The
India Warns against a Crypto Dollarized Financial Sector The Reserve Bank of India (RBI) said that digital asset would impair the ability of the country to supervise its economic system and establish financial policies. The supervising bank’s officials issued warnings one more time over the utility of digital assets. The RBI’s officials alleged that adopting
A leaked report reveals that the government of South Korea is planning to phase out legislation for the digital assets industry over the next two years. Additionally, the uncovered document showed that the federal government of the Asian nation is planning to set up a framework that would help protect digital assets’ investors in South
According to a popular cryptocurrency trader, BTC, and ETH, the two most valuable cryptocurrencies by market value, are expected to fall farther into the red. Bitcoin and Ethereum Price Forecast by Top Crypto Trader According to pseudonymous cryptocurrency expert Capo, BTC is in a slump, who cautions his 265,300 Twitter followers that purchasing BTC whenever
Although the markets are faltering, the cryptocurrency business gets significant funding from private funds raised this year. There have been at least 36 crypto-related fund rounds totaling more than $100M this year, despite 2022’s bleak financial performance. According to Arcane Research’s latest weekly analysis, there will be the ten largest cryptocurrency capital fundraisers this year.
On Tuesday, the Central Bank of Cuba announced a regulation framework that would serve as guidelines for crypto usage within the boundaries of the country. The rule requires every crypto investor to be licensed before any operation. The Central Bank Cuba Legalized Crypto Few days ago, the Cuban official gazette published a paper containing the
Since April 27th, the difficulty modification for BTC mining has increased by 5.56% on average. It has driven Bitcoin’s complexity to a new ATH, indicating that miners and investors are keen to engage in the mining sector. When BTC’s difficulty changes, it’s among the most crucial things about the BTC network. BTC Mining Difficulty Hits
Binance CEO, CZ, has argued that BTC’s volatility has been far less than tech giants’ stocks such as Apple and Tesla. He further said the exchange would soon be in the good books of almost all regulators in different nations. BTC’s Stability In The Last Two Years Is Greater Than That Of Tesla And Apple
BTC and other cryptos have remained relatively constant recently as the marketplace continues to be concerned for the years ahead. Central banks are raising interest rates despite the ongoing conflict in Ukraine and historically low rates. BTC and other cryptocurrencies are exhibiting relative stability, which is a healthy sign for the entire cryptocurrency industry. BTC
After surging by over 7% in the last several days, ApeCoin’s value has surged. As the buzz about BAYC’s Otherside initiative grows, the profits could be extended soon. ApeCoin Announces a Rally ApeCoin is gaining traction in the bull market. Tokens linked to the BAYC are inching closer to all-time highs. The price of Apecoin
