Bitcoin fell to its lowest level in three months on Monday as investors dumped risk assets amid expectations of higher interest rates. The world’s largest cryptocurrency dropped as much as about 5% to hit an intraday low of $18,276, its lowest level since June 19, according
The US government is considering the creation of a central bank for cryptocurrencies and “encourages” the Federal Reserve to continue looking into the possibility, the White House said in a statement. The administration led by Democrat Joe Biden will also launch an interagency working group
The protocol change in Ethereum is seen as the second most important moment in the crypto universe, following the founding of bitcoin. Still, crypto trading has reacted calmly. The main cryptocurrencies are on Thursday morning trading flat, after in the early hours of this September
Plan B, a quantitative crypto market analyst says that Bitcoin (BTC) is trading below the realised price and the 200-week moving average, an indicator that tells whether the currency is in a bullish or bear market. The term used by Plan B is “weak hands,”
With the lack of any significant trading volume and volatility, it’s no wonder that bitcoin and most cryptocurrencies are pretty stagnant today. After bitcoin missed the coveted $20,000 mark over the weekend, the asset has remained slightly below it while trading volume has been declining.
Cryptocurrency traders are being arrested by the Taliban in Afghanistan after the country’s central bank banned trading in digital assets. As Crypto Easy reported, when the Taliban took power in August last year, many citizens, especially women, found Bitcoin and other cryptos a form of
Bitcoin repeats falls from the day before, dropping to $19,920, where it had not been since July. Devaluation since year high approaches 60%. Jerome Powell’s determination to lower high inflation in the US also led to the fall of the most popular cryptocurrency. Jerome Powell
Blockchain. Com data shows that on Monday, the average transaction fee fell to $0.825. Drop-in Bitcoin fees These drop-in fees, which occurs amid a drop in the price of BTC, favors the case for using Bitcoin for everyday transactions. The high transaction fees on Bitcoin’s
The Swedish Central Bank argues that cryptocurrencies lack sufficient stability to function as a store of value, medium of exchange or unit of account. Following the many monetary authorities who have been dismissing bitcoin’s potential as cash, the Riksbank, the Central Bank of Sweden, explained
The International Monetary Fund (IMF) criticized the Central African Republic’s decision to adopt bitcoin as its official currency, as El Salvador did. The IMF insists that adoption poses legal economic challenges not just for the country but also for the region. The IMF said the