Bitcoin experienced an extreme crash today, dropping to $8,200 on Binance’s US platform. This decline was an 87% fall from $65,815 and was only brief before the coin climbed back up again. The crash comes after Binance’s CEO tweeted “Expect very high volatility in #crypto over the next few months.”
Cryptocurrency-linked shares are currently out-performing traditional stocks. Stocks including Coinbase, CME and Hut 8 Mining Corp are leading the way with double-digit gains whilst Bitcoin is on the brink of a new all-time high.
According to a report that was commissioned by the Select Committee on Financial Technology and Regulatory Technology, Australia should create a new regulatory regime for cryptocurrency to encourage business onshore and to help the country to compete with the UK and Singapore.
The Government in El Salvador is facing scrutiny over its Chiva Bitcoin app and wallet once again. The scrutiny comes after operators temporarily froze price viewing on Chivo to stave off ‘scalpers’ who were using the app for their activities.
During the last couple of days, the cryptocurrency market has seen a surge of activity. Bitcoin hit a new all-time high of $62,888.88 over the weekend, following the Bitcoin ETF Futures announcement. Altcoins also played a role in the surge as the bulls made a push into the market. Here are the top five cryptocurrencies to buy this week.
The world’s most popular cryptocurrency achieved a new all-time (ATH) high on Wednesday, shooting past the previous ATH from earlier...
The world’s cryptocurrency market capitalisation is currently up by $2.5 trillion and over 10,000 BTC were sold on OKEx amid the market cap surge. Despite the mix of reactions that the digital finance world is currently experiencing, today’s total market capitalisation indicates a positive future for the crypto industry.
During recent weeks, media outlets and lawmakers have been criticising the South Korean government’s plans to introduce a tax on crypto trading from 2022. Many have suggested that Seoul will have to back down from its plans.