Archives of “BITCOIN” categoryrss
El Salvador President Nayib Bukele doesn’t need no stinkin’ stop loss on the coins he bought MUCH, MUCH higher – its not his money!
Doubling up to catch up.
US Treasury Secretary Janet Yellen is set to a speech on cryptocurrency policy and regulation.
- Thursday 10:30 a.m. ET (1430 GMT)
- will outline possible steps the Treasury could take to investigate the use and technology of digital assets
US Treasury statement:
“Secretary Yellen will make the case for a consistent and comprehensive policy framework that promotes responsible innovation of digital assets and appropriately assesses and mitigates the risks they may pose”
BTC update … running scared of Yellen:
Bitcoin has decreased over the past week by 0.9%, ending it at around $38,700. Yesterday, the decline continued, bringing the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other leading altcoins from the top ten show mixed dynamics over 24 hours: from a decline of 3.8% (XRP) to a rise of 3.3% (Terra).
According to CoinMarketCap, the total capitalization of the crypto market decreased by 14% in 24 hours, to $1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%.
Slight jump in crypto assets on the tweet. He says that:
“As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.”
The reference to minimum sustainability as well as rollout requirements appear to be last-minute changes introduced to curb, or ban, the use of digital currencies working on a so-called “proof-of-work” consensus mechanism, for instance Bitcoin and Ethereum .
Crypto-focused media says the outcome of the vote appears to be more or less 50-50.
BTC has lost ground as concerns gather pace: