The effective price is $23,340, according to Glassnode. Bitcoin touched the $20,000 band on Monday before returning to $22,000. Amid the collapse of the bitcoin (BTC) and cryptocurrency markets, it is not yet certain that the market has bottomed, Glassnode notes in its latest analysis. The current phase may last between 8 and 24 months before the market really bottoms … Read more
The World Bank projects a 2.9% slump in world growth in 2022. The price of bitcoin could be impacted by this context, according to analysts. The World Bank released this week a harsh prospectus on the current global economy and what the future holds. In his extensive report, the bank states that the risk of stagflation increases amid a sharp … Read more
The report collected information from 9,500 people around the world. Lower-income people tend to be less optimistic about the future of Bitcoin. The versatility and potential of Bitcoin have allowed it to be seen as a tool for various purposes. Among these, its purpose as an investment instrument stands out as an asset to obtain future profits, and as a … Read more
The price of bitcoin this Monday 30 exceeded the closing price of May 10. Since the local low on May 27, the bitcoin price has recovered 11.2%. The rally in the price of bitcoin (BTC) this Monday, May 30, which closed at USD 31,779, managed to reverse the decline of the last three weeks and exceed the closing price of … Read more
LUNA2 was priced at almost $20 at launch and is now at $6. Several exchanges have listed the cryptocurrency, enabling withdrawals, deposits, and trading. Do Kwon, the co-founder, and CEO of Terraform Labs, the creator of the Terra (LUNA) cryptocurrency, announced this Saturday the launch of the new Terra 2.0 blockchain, with which they intend to revive the failed LUNA … Read more
Bitcoin has depreciated 1% every day for the last month, highlights Glassnode. Analysts agree that demand is likely to continue to decline due to current market fundamentals. Bitcoin (BTC) turns ten days today without exceeding the USD 30,000 band, at the same time that its minimum price has been rising, behavior that shows that, although there is demand, it is … Read more
Gucci customers will be able to make payments with more than 10 cryptocurrencies. Customers from New York, Los Angeles, Miami, Atlanta, and Las Vegas will be able to pay with bitcoin. Gucci, the famous Italian luxury goods firm, launched a pilot program that will allow payments to be made with bitcoin and other cryptocurrencies in five of its stores in … Read more
Cardano is the platform on which ADA, a cryptocurrency that can be used to send and receive funds, was developed. It is a smart contract platform, with some characteristics similar to Ethereum (not by chance since its creator, Charles Hoskinson, is one of the co-founders of Ethereum), offering new levels of security and scalability thanks to a multi-layer architecture. It … Read more
Last Monday, May 10, USD 6.5 billion entered the exchanges. BTC liquidations grew 150% in the last 24 hours. The bitcoin (BTC) market posted the largest sell-off volume since March 2020 on Thursday as its price found support at $25,000, before rallying above $28,000. On the other hand, BTC settlements in the last 24 hours reach USD 2.2 billion, according … Read more
The Federal Reserve places stablecoins in the category of high-risk investments. The central bank is concerned about the lack of transparency over the assets backing stablecoins. The United States Federal Reserve (Fed) once again expresses its concerns about the risks posed by stablecoins. This time the central bank has added a warning that the risk of sudden and desperate redemptions … Read more