Auto Added by WPeMatico

Crypto Markets Down $250B Weekly: BTC Plunged Below $42K (Market Watch)

Bitcoin was rejected at $43,000 once again, and the bears pushed the asset to and below $42,000. Most altcoins are also deep in the red, with ETH close to $3,100.…

Continue ReadingCrypto Markets Down $250B Weekly: BTC Plunged Below $42K (Market Watch)

The Rise of Bitcoin in El Salvador Portends a New US Foreign Policy Toolkit (Op-Ed)

US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’s adoption…

Continue ReadingThe Rise of Bitcoin in El Salvador Portends a New US Foreign Policy Toolkit (Op-Ed)

Weekend Watch: Bitcoin Maintains $42K, Monero at 3-Month High After 8% Spike

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with…

Continue ReadingWeekend Watch: Bitcoin Maintains $42K, Monero at 3-Month High After 8% Spike

Bank of America: Crypto Can Outperform Stocks Amid Potential Fed-Propelled Recession

Bitcoin and other cryptocurrencies could outperform bonds and stocks amid a potential recession, noted Michael Hartnett, BofA’s chief investment strategist. In a recent note, he argued that the US Federal…

Continue ReadingBank of America: Crypto Can Outperform Stocks Amid Potential Fed-Propelled Recession

Russians Collectively Own Over $130 Billion Worth of Crypto, Prime Minister Mishustin Claims

Mikhail Mishustin – Russia’s Prime Minister – believes the Russian population collectively holds more than 10 trillion rubles ($130 billion) worth of cryptocurrencies. He assumed that most of those individuals…

Continue ReadingRussians Collectively Own Over $130 Billion Worth of Crypto, Prime Minister Mishustin Claims