Cryptocurrency News: Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Re
El Salvador makes Bitcoin legal tender in a world first.
Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown in China and environmental concerns to almost 40% so far this month. The biggest cryptocurrency extended earlier losses, falling as much as 8.2% to $35,339 as it stayed pinned in this week’s relatively tight trading range. “Bitcoin is currently in a bit of ‘slumber mode’ trading in the range of $34,000 and $40,000,” said Ulrik Lykke, executive director at crypto hedge fund ARK36.
Stocks closed mostly higher on Wall Street following more signals that the economy is continuing to recover. Investors were encouraged to see that weekly…
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The crypto analyst known for first applying the stock-to-flow model (S2F) to Bitcoin is undeterred by the top cryptocurrency’s brutal price action.