Investors, customers, developers, and regulators are all increasingly interested in cryptocurrency. It has its own set of complexities, like all other new technologies.
Top Crypto News from the cryptosphere:
Around the time of the U.S. Jobs Survey, Bitcoin climbed above $ 57,000. At the time of publication, the cryptocurrency was trading around $ 58,694 and maintaining support on both intraday and regular time frames.
After the US jobs report, traders were hoping for further help from the Fed, which led to a rise in bitcoin. Altcoins are already outperforming. The poor jobs report has boosted hopes that the Federal Reserve’s easy money strategy will continue, pushing bitcoin (BTC) up about 2% in the past 24 hours.
Ethereum has outperformed major digital currency competitors this year, boosted by a decentralized finance (DeFi) boom and the prospect of technological adjustment this summer, but it faces hurdles that could slow its progress. After Bitcoin, Ethereum has the second largest market capitalization, with a price increase of over 350% this year. At the time of publication, the cryptocurrency ether was trading around $ 3,543, up 2.64%.
The price of Dogecoin has risen since Elon Musk’s tweet about SNL’s appearance, and memes have taken over Twitter. At the time of publication, the DOGE cryptocurrency was trading around $ 0.717, up 15.83%.
ADA, the native token of the Cardano smart contract platform, has entered the list of altcoins that have reached new highs this week.
The Indian National Payments Corporation has asked banks to decide whether or not to block cryptocurrency transactions. According to the Economic Times, the National Payments Corporation of India (NPCI), a central bank-owned retail payment system, has postponed the decision whether or not to allow customers to make and receive payments from the crypto trade. -currency to commercial banks.
Bank of England Governor Andrew Bailey has warned cryptocurrency investors about the risks of investing in the market.
Trading in mined cryptocurrency outside Iran has been banned, according to information released Thursday by the Central Bank of Iran (CBI). The ban aims to prevent the flight of capital from the nation, which could be due to the effects of the depreciation of the Rial.
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