As Bukele changed his profile picture on Twitter, MicroStrategy CEO Michael Saylor also changed his.
Bitcoin has corrected further after El Salvador announced its latest purchases. Shall a trend reversal follow up anytime soon?
Historically, the crypto market led by Bitcoin and Ether has been characterized by high volatility in both directions of the market.
The decline in the crypto prices is related to the decision of the Federal Reserve to withdraw stimulus funds from the market.
Despite the fundamental health of the network, investors could not seem to take their eyes off the sentiments that abound in the broader stock market and the accompanying fears of an increase in interest rate by the United States Federal Reserve.
Bitcoin exchanged hands at around $39,021.77, having shed approximately 7.5% in the past 24 hours. Consequently, the asset is down approximately 20%, 9.7%, and 8.4% in the past 30 days, 14 days, and seven days respectively.
McGlone is also optimistic about the USD-backed stablecoins and believes that the assets will grow massively in 2022.
The hack prompted Crypto.com to conduct an internal audit of its systems, and according to the platform, other third-party security agencies have been contracted to also help audit its systems.
Despite Bitcoin’s poor start, Harry Yeh remains positive about the people’s crypto ability to record a positive trend and predicts a $400K price target for BTC.
Along with cryptocurrency custody, Bakkt will also offer balance reshuffling facility to Nexo users to mitigate risks.
Thanks to NYDIG, customers at these banks will now trade Bitcoin via regular mobile banking apps provided by the institutions.
Bitcoin price is currently trading down around 35% from the all-time high that was set in November 2021.
The new vice-chairmain of ESMA has been very vocal about his views on Bitcoin mining, describing it as a hindrance to meeting Paris Agreement climate targets.
In addition to stating that its clients can leverage their Bitcoin to buy properties, the fintech added that they would also qualify for a low-interest rate 30-year crypto mortgage.
Giant chip manufacturer Intel appears set to enter the Bitcoin mining ASIC market with its new chip, to compete with Bitmain.