There is no denying that interest in cryptocurrencies is continuing to grow in America. Despite the fact that the U.S. lags behind many other countries that have a significantly larger percentage of their population invested in digital coins.
The price of Bitcoin rocketed over $50k this week breaking an important psychological barrier as it hit a three-month high.
The fundamentals for Bitcoin are continuing to improve as the leading cryptocurrency looks set to post a 5-week winning streak, the longest series of green candles on the weekly timeframe since October 2020. A rise to $50,000 and beyond is on the cards for bitcoin if this week’s high at $48,000 is overcome. Elsewhere in the cryptocurrency market, several large-caps reached all-time highs and Ethereum regained the important $3,000 handle.
Bitcoin advocates have claimed cryptocurrencies could alleviate the suffering of refugees caught up in situations like the Taliban takeover of Afghanistan.
By Jamie Holmes Bitcoin posted the longest winning streak of consecutive gains on the daily timeframe since the 2017 bull market, but this upward move
Senator Elizabeth Warren has claimed that cryptocurrencies are controlled by “shadowy faceless groups of super-coders”. She made this astonishing statement at a hearing organized by The Committee on Banking, Housing and Urban Affairs called “Cryptocurrencies: What Are They Good For?” It was here where she questioned crypto advocates and their belief that blockchain-based currencies can build a better financial system.
Grayscale Investments is preparing to “unlock” a gigantic crypto fund allowing the sale of shares worth up to 40,000 Bitcoins.