El Salvador updates Sign up to myFT Daily Digest to be the first to know about El Salvador news. As the cryptocurrency bitcoin became legal tender across El Salvador this week, a long queue formed at a cash machine on the edge of the capital. Those in line were mostly after one thing: US dollars. Many waited to convert the $30-worth of free bitcoin given to them by the Salvadoran government into hard currency, but the cash dispenser stopped working. An official admitted that just three… Source link

What happened Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) are down 9.38%, 14.56%, and 17.44% respectively in the past seven days as of 9:00 a.m. EDT. They are now trading at $46,000.54, $3,378.97, and $0.2479 per coin respectively. After a record bull recovery, cryptocurrencies are witnessing significant fatigue amid more regulatory scrutiny, internal strife, and “altcoin rotation,” which is similar to sector rotation… Source link

Monero coin price is observing a consolidated momentum after a dramatic fall down from $320 to $220. It can soon attain its high of $320 in the future XMR coin is currently looking to break above the 50MA resistance. Meanwhile, XMR/BTC pair is up by more than 1.11% in the past 24 hours XMR coin price is currently seeing a weak upside momentum and can soon observe a breakout for a new high. Monero price is near the value of $265 with a gain of more than 2% in the intraday session. XMR coin… Source link

Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. Time for another Bitcoin “sell-side liquidity crisis?” As of Thursday, the latest date for which figures are available, there was 2.399 million BTC available across major exchanges. May’s low measured 2.390 million. Bitcoin traders have thus… Source link

Sweden’s Riksbank Governor Stefan Ingves said ‘private money usually collapses sooner or later’. Photo: Getty Images Cryptocurrencies were broadly down on Friday as Sweden’s central bank governor said bitcoin could eventually collapse. Bitcoin (BTC-USD) was down roughly 1%, to trade at $45,918 (£33,090) while Ethereum (ETH-USD) tumbled 4.5% to trade at $3,373. Bitcoin, hit by regulatory crackdowns and concerns over the environmental impact of mining it, had fallen below $50,000, after… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 1.02% lower on Friday morning. The price was around $45,910 per coin, while rivals Ethereum and Dogecoin were trading around $3,370 (-4.62%) and 24.6 cents (-4.46%) per coin, respectively, according to Coindesk. Bitcoin is still recovering following Tuesday’s plunge from nearly $53,000 to $43,119 at its low and after a higher day Thursday, which saw the crypto rise 1.02%, the report said. BITCOIN TUMBLE TRIPS UP COINBASE,… Source link

Monero price is on range-bound trading, a trend observable in other cryptocurrencies. Bitcoin – the leading crypto by market capitalization – has been trading between 45,500 and 47,395 for three sessions in a row. Altcoins like Dogecoin and Cardano have also exhibited a similar trend. As the market enters the weekend, Monero price will likely record curbed gains as fear remains the key emotion driving the crypto sector. At a reading of 46, the crypto fear… Source link

Ethereum Ethereum fell by 2.13% on Thursday. Reversing a 1.85% gain from Wednesday, Ethereum ended the day at $3,424.32. A mixed start to the day saw Ethereum rise to a late morning intraday high $3,568.59 before hitting reverse. Falling short of the first major resistance level at $3,636.88, Ethereum fell to a mid-day intraday low $3,393.17. Steering clear of the 23.6% FIB of $3,369 and the first major support level at $3,290, Ethereum revisited $3,550 levels before easing back. At the time of… Source link

The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. “We need to move NFTs onto the Layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.” – Vitalik Buterin, Creator of Ethereum Many… Source link

According to the block explorer Etherscan.io, Ethereum’s node count has plummeted in the last two weeks from well over 9,000 to under 3,000. While chain explorers can give rough estimates, this drop does correlate with the glitch in node software that caused the chain to split just two weeks ago. But why hasn’t the chain recovered these nodes yet? Learn how smart money is playing the crypto game. Subscribe to our premium newsletter – Crypto Investor. https://etherscan.io/nodetracker Two… Source link