Crypto News Today & Latest Updates on the Crypto Market - Page 92

Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the selloff in cryptocurrencies. Further weakness in its price may bring the $20,000 zone into view as a downside target, according to.

El Salvador’s President Nayib Bukele has sent a law to the country’s congress proposing to make bitcoin legal tender. If approved by the legislative body, El Salvador would become the first nation in the world to give the cryptocurrency this.

Bitcoin is down 10% in the last 24 hours and is trading around $33,000. The entire crypto market as a whole has turned red, following the first cryptocurrency. The total capitalisation of cryptocurrencies fell by $170bn overnight. Bitcoin is once.

Bitcoin’s price has fallen to its lowest point in over a week as traders stare down prospects of shifting U.S. monetary policy and continued tightening of regulation of cryptocurrencies in China. At 20:00 UTC on Monday, the price of the.

China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption. The MIIT’s five-point agenda for blockchain adoption is part of a document issued on.

China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform.

Asset manager Ruffer has profited by more than $1 billion in profit from a $600 million Bitcoin investment it made during November 2020. Speaking to The Times, investment director at the London-based asset management firm, Hamish Baillie, revealed that Ruffer.

Leveraged traders have not materialized in the market to take bitcoin over the $40,000 hump. Meanwhile, ether is continuing to steal trading volume from BTC during a steady price rise toward $2,900. Bitcoin (BTC) trading around $38,532 as of 21:00.

Speculative investors may have been pushing meme stocks “to the moon” earlier this week, but their crypto counterparts have been coming back down to Earth en masse. Hedging activity is on the rise and bullish bets are finding limited demand.

Bitcoin is making another attempt to test an important $40K resistance level. Over the past 24 hours, the benchmark cryptocurrency is up 4%, approaching $39K. It is too early to draw final conclusions, but the renewal of the highs of.

BItcoin (BTC) edged closer to $40,000 on June 3 as bulls gathered increasing signals that the bottom is in. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining levels it reclaimed a day before, including the critical $37,500. Now,.

The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating cross-border payments. In ECB’s annual review of the euro dubbed “The international role of the euro”,.