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Former US stockbroker, broadcaster, filmmaker, crypto investor, and the host of the program Keiser Report, Max Keiser supports El Salvador's Bitcoin policy. In an interview with Diario El Salvador, he said that El Salvador's making Bitcoin a legal tender offers a hopeful outlook for all economic...
The Bitcoin (BTC) rate jumped above $45,000 the day before, but then the pressure intensified, and the coin resumed its retreat. On Friday, February 11, the largest digital currency is trading at $43,486. Thanks to yesterday's breakthrough in the bitcoin network, the share of profitable addresses...
Many analysts view bitcoin as a hedging tool. In their opinion, cryptocurrency is digital gold that protects capital from inflation. However, Bank Of America analysts believe that BTC should be classified as a risky asset class and should not be called a hedging instrument. The report of the bank...
According to Glassnode, the fall of the market in 2022 was provoked, among other things, by bitcoin miners. They dumped part of the mined cryptocurrency, which led to a rollback of BTC below $33,000 last month. However, sales started only at the very end of January and continued into the first days...
The pressure is intensifying, and Bitcoin is in danger of falling below this psychological mark again. Over the week, the capitalization of the leading digital currency increased by 17.5% to $836.867 billion. The Santiment team drew attention to the increased activity of the largest whales holding...
New York-based credit rating agency Fitch lowered the long-term Foreign Currency Issuer Default Rating (IDR) of El Salvador from B- to CCC. According to Fitch, El Salvador's rating was lowered as a result of several factors, including the weakening of institutions, concentration of power in the...
Many experts consider the reduction in the number of bitcoins on exchanges as a positive signal. Theoretically, the outflow of cryptocurrency from the trading floors eases the pressure on the asset from sellers. Therefore, the value of BTC should increase against the backdrop of a reduction in its...
Bitcoin topped $43,000 the day before as the US stock market recovered. Indicators of business activity Nasdaq and S&P 500 added by the end of the session about half a percent. FSInsight strategist Sean Farrell believes that the correlation between BTC and US stock indices, which increased in...
The fall in the value of bitcoin did not scare long-term investors, who are often called hodlers. They continued to buy cryptocurrencies and even stepped up during a deeper correction to purchase coins at comfortable prices. Recall that at the end of January, BTC fell to $33,100 amid a massive exit...
Technology-driven investment management firm Galaxy Digital started an ESG (environmental, social, and governance) program focused on ensuring environmentally-friendly Bitcoin mining. Founder and CEO of Galaxy Digital, Mike Novogratz wrote that the company built a structured approach to implement...
Bitcoin (BTC) has been trading in a tight range over the past few weeks. On Thursday, February 3, the cryptocurrency rose in price to $37,043. The capitalization of bitcoin is approaching $700 billion. A report from Arcane Research says that the BTC volatility index is at its lowest level since...
Last night, Bitcoin (BTC) broke above $39,000 for the first time in two weeks. However, while the coin does not have enough support to maintain the upward momentum of the movement, on the night of Wednesday, February 2, it retreated to $38,840. The capitalization of the leading digital currency now...
El Salvador's President Nayib Bukele represents the bitcoin bull camp. He is confident that in the long term, the value of the cryptocurrency will increase, as this asset has a limited supply. It was his team that was able to achieve the legalization of cryptocurrency in the Latin American state....
The CEO of the biggest publicly-traded business intelligence company MicroStrategy Michael Saylor announced buying another 660 bitcoins for $25 M. MicroStrategy paid about $37.865 per coin. Currently, the company holds about 125.051 BTC purchased for $3.78 bln at an average price of $30.200 per...
New York-based international bank JPMorgan issued a note on January 26. In the paper, analysts of the bank wrote what is their expected long-term BTC price. According to the bank, volatility along with constant ups and corrections will prevent future adoption by institutions. The estimations by...
The legalization of bitcoin in El Salvador has become a landmark event for both the crypto industry and the global economy. In some countries, local politicians have said that they should follow the same path and recognize BTC as a means of payment. They were joined by Senator Wendy Rogers of...
Many international organizations and agencies are calling on the leadership of El Salvador to repeal the law recognizing bitcoin as legal tender. Recall that this document began to operate in the Latin American state since September last year. Since that time, El Salvador has been periodically...
Last Monday, the largest digital currency collapsed to its lowest level since last July. The coin on some trading floors tested values below $33,000, but on Tuesday it was able to rebound. Compared to the peak values recorded in November, the value of BTC has fallen by almost 5%. In the...
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