In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR since allowing its citizens to make everyday purchases with the seminal cryptocurrency. The CAR, a substantially less economically developed… Source link

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR since allowing its citizens to make everyday purchases with the seminal cryptocurrency. The CAR, a substantially less economically developed… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Image credit: Yuichiro Chino/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Source link

Bitcoin price is prepared to break out of its triangle formation after establishing new support at the $16,800 level.  The cryptocurrency has attracted large wallet investors to its network with a new 100-week point of control below the $17,000 level.  Experts believe that the $16,800 level is the new potential bottom for the asset; this is where the most volume has been traded in the last 100 weeks. Bitcoin, the most significant asset by market capitalization,… Source link

Bitcoin, following the implosion of crypto exchange FTX, continues to struggle not only in terms of its trading price but also in its profitability. It can be recalled that the company, back in November 2022, moved to file Chapter 11 bankruptcy in a U.S. county court, and collapsed in just a matter of days. Bitcoin, being the main driving force of the crypto market, was greatly affected by this unfortunate development and eventually exited 2022 with a value that was significantly lesser… Source link

A popular crypto strategist and trader thinks that Bitcoin (BTC) and one Ethereum (ETH) rival are gearing up for huge rallies. Pseudonymous analyst Inmortal tells his 190,400 Twitter followers that he sees Bitcoin rallying close to $30,000 in the coming months before a final capitulation event that takes BTC to $12,500 later this year. “Two relevant levels: 2018 and 2021 yearly open. > Bear market rally mid 2023 > Sub-20,000 in late Q4.” Source: Inmortal/Twitter At time of… Source link

Ethereum network’s large wallet investors are betting on ETH price drop to the $400 level via put options.  An order has been placed for 26,000 ETH put options with a strike price of $400, the options expire on June 30, 2023.  ETH price needs to break past resistance between the $1,300 and $1,400 level to break out of its downtrend.  Ethereum, the second-largest asset by market capitalization, is at the risk of decline. Based on options data, ETH is likely to… Source link

ETC’s price has grown by 28% in the last week. Price chart readings, however, revealed that the alt is overbought.  Ethereum Classic [ETC] had a strong week, with its price increasing by 28.60%, according to data from CoinMarketCap. This made it one of the top-performing cryptocurrencies, along with Lido [LDO], which saw a price increase of 55%, and Solana [SOL], which had a rally of 35% within the same period. Read Ethereum Classic’s [ETC] Price… Source link

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Monero (XMR) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has lost 0.48% to $155.65. InvestorsObserver is giving Monero a 12 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 12, placing it in the bottom 12% of cryptos on the market. The Volatility Gauge… Source link