Market Update: Crypto Market Rebounds As Tech firms Boycott Russia
This morning, the crypto market registered gains, with most top 10 cryptocurrencies registering positive numbers over the past 24 hours. In a move to support Ukraine Apple has joined other major tech firms in Boycotting Russia. As a result, customers living there can no longer buy any of their products or make purchases via app store– including iPhones. The markets were in turmoil yesterday as fighting between Russia and Ukraine continued. Related Reading | Bitcoin Closes 1st Green Month After 3 Reds, What History Says May Happen The markets will be watching closely today as....
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Bitcoin has found temporal support at $39,000, but buyers have been scarce as the market enters into weekend price action. Uncertainty around macro factors seems to be growing with the Russia-Ukraine conflict contributing with the selling pressure experience by BTC and larger cryptocurrencies over the past days. Related Reading | Market Update: Crypto Market Rebounds As Tech firms Boycott Russia At the time of writing, Bitcoin trades at $39,168 with a 4.2% loss in the past 24 hours. The benchmark crypto saw some relief before the current downside action. Per a report from research....
Ripple has been listed alongside major firms as those who donated to a White House project. This comes as XRP rebounds, recording significant gains today. Ripple Among Big Tech Firms That Donate To White House Project XRP influencer Pumpius shared in an X post the private donor list of U.S. President Donald Trump’s new White […]
Both Peter Todd and Andreas Antonopoulos have voiced their distaste for the latest Bitcoin Improvement Proposal (BIP75)’s know-your-customer (KYC) and anti-money laundering (AML) aspects. BIP75: ‘A Bad Strategy for Bitcoin’. The update, known as BIP75 and co-authored by developers from Netki and Breadwallet, allows for transactions to be more compliant....
Anger toward JPMorgan spread quickly through social platforms this weekend after reports linked the bank to a policy change that could hit firms holding large chunks of Bitcoin. Related Reading: Bitcoin Thesis Could Break: VanEck CEO Hints At Exit If Quantum Tech Advances According to reports, MSCI — the index company formerly called Morgan Stanley […]
Following price consolidation on Tuesday, bitcoin prices rebounded on hump-day, as markets reacted to the news that Russia will regulate, and not ban, crypto. Bitcoin Bitcoin was marginally higher on Wednesday, as the world’s largest cryptocurrency received a boost from the news surrounding Russia. BTC/USD rose to an intraday high of $44,312.45 during today’s session, as bulls re-entered the race following yesterday’s consolidation The move has seen prices head closer to the $45,000 level, however bitcoin will first need to overcome resistance at $44,800. Still,....