Cryptocurrency Analysis and News Portal
The crypto market sentiment had taken a beating when the price of bitcoin fell to a new cycle low of $17,600. With this, investor sentiment had plummeted to new yearly lows. But slowly, the market sentiment had recovered and made its way out of the extreme fear territory. That is
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On Wednesday, Bitcoin surpassed $24,000 amid a broader recovery in the cryptocurrency sector, which has seen the global market valuation reach $1 trillion. Over the last seven days, the leading cryptocurrency has surged by more than 23%. Bitcoin Pumps Past $24k Threshold The bull run barely got started. For the first time
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Panama’s President Laurentino Cortizo has partially vetoed Bill No. 697 dubbed the “crypto bill” saying it requires more work to better fit Panama’s financial regulations.President Cortizo previously warned in May he wouldn’t sign the bill unless it included additional Anti-Money Laundering rules after Panama’s National Assembly passed the crypto bill
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In crypto’s early days, many physical retailers announced they were going to accept digital currency, only to shutter their plans. “Physical store acceptance of crypto is more important to monitor, as over 85% of sales in the U.S. occur in stores rather than online,” Morgan Stanley’s cryptocurrency analyst Sheena Shah
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El Salvador President Nayib Bukele had a busy Wednesday evening on Twitter, first responding to a report that Binance was called in to to salvage his country’s Bitcoin bond sale, and also showing his displeasure with legislation making its way through the U.S. Senate. Source
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After five weeks of constant outflows, institutional investment is finally trickling back into crypto funds with BTC the asset of choice and ETH falling out of favor.In its weekly Digital Asset Fund Flows report published on Jan. 24, crypto investment firm CoinShares observed inflows for some institutional products.It is the
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The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December. Bitcoin (BTC) was volatile prior to the announcement, fluctuating over $2,000 from lows of $41,000 to $43,000 on Wednesday morning. Upon release of the figures, the price continued its
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