Va Bitcoin become legal tender in El Salvador?
Bitcoin has drifted sideways this week
caught between waves of volatility as bad news from China and tweets from Elon Musk rock the market back and forth.Prices approached $40K on Friday, before Musk tweeted a broken heart emoji with the Bitcoin logo, triggering a 7% drop. Fears over his influence on the market were then calmed as he changed his profile picture to a laser-eyed Bitcoin anime figure, but the recovery was blocked by news that Chinese social media platform Weibo had suspended crypto influencer accounts.
In the end, Bitcoin finished the week flat, while Ethereum fared slightly better, with 3% gains. dogecoin ran ahead adding 16%, matched by IOTA which has released an actualizare of the network’s ‘Tangle’ protocol.
Cele mai importante momente din această săptămână
- El Salvador to make Bitcoin legal tender
- China purges crypto social media
El Salvador to make Bitcoin legal tender
In what could be a giant leap forward for Bitcoin, El Salvador President Nayib Bukele has said he Planurile to introduce legislation that will make the country the first to adopt the cryptoasset as legal tender.
Bukele announced his intentions at the Bitcoin 2021 conference in Miami, claiming the measure will make it easier for Salvadorans living overseas to send money home. He also said that he has assembled a team of Bitcoin experts to help build a new financial ecosystem around the cryptoasset.
Despite the potentially monumental news, it didn’t move the market. This suggests traders could be waiting for further details to assess the impact.
China purges crypto influencers
After being battered and bruised by Elon’s tweets, Bitcoin’s attempted recovery was blocked by signs of a further reprimarea cripto in China.
Prices of all major cryptocurrencies fell on Saturday as it emerged that China’s Twitter equivalent Weibo had blocked several influencers and media outlets in a cleansing of crypto industry accounts.
With concerns about China weighing heavily on the market after the interdicție recentă, the social media purge has only confirmed the government’s intentions dealing another damaging blow to crypto market sentiment.
Săptămâna viitoare
As prices of the major cryptocurrencies have now drifted sideways since the drop of mid-May, expectations are growing for a breakout that will signal the future trend.
Such a move could be catalyzed this week by the bill to make Bitcoin legal tender in El Salvador. This piece of legislation is expected to pass in the next few days but could attract criticism from the global community.
Elsewhere, global markets will be waiting with bated breath for Datele inflației americane. Set to be released on Thursday, this could indicate how permanent rising prices are likely to be and trigger volatility across crypto and stock markets.
Această postare a apărut inițial pe blogul eToro.
Acest conținut este sponsorizat și trebuie considerat material promoțional. Opiniile și declarațiile exprimate aici sunt cele ale autorului și nu reflectă opiniile The Daily Hodl. Daily Hodl nu este o filială sau deținută de niciun ICO, startup-uri blockchain sau companii care fac publicitate pe platforma noastră. Investitorii ar trebui să-și îndeplinească diligențele înainte de a face investiții cu risc ridicat în orice ICO, startup-uri blockchain sau criptomonede. Vă rugăm să vă informați că investițiile dvs. sunt pe propriul dvs. risc și că orice pierdere pe care o puteți suferi este responsabilitatea dvs.
Urmareste-ne pe Twitter Facebook Telegramă
Featured Image: Shutterstock/Tony Skerl
- Face publicitate
- TOATE
- a anunțat
- Anunț
- în jurul
- BBC
- Proiect de lege
- Bitcoin
- blockchain
- Breakout
- construi
- China
- chinez
- CNBC
- Coindesk
- comunitate
- Companii
- Conferință
- conţinut
- cripto
- Industria criptelor
- Piața Crypto
- cryptocurrencies
- Picătură
- ecosistem
- Elon Musk
- eToro
- experți
- temeri
- financiar
- First
- Înainte
- Vineri
- viitor
- Caritate
- În creştere
- HODL
- Acasă
- Cum
- HTTPS
- Icos
- imagine
- Impactul
- industrie
- inflaţiei
- influență
- să influențeze
- influențatori
- Investiții
- Investitori
- IT
- Legal
- Legislație
- siglă
- major
- Efectuarea
- Piață
- pieţe
- măsura
- Mass-media
- bani
- muta
- ştiri
- Avize
- imagine
- platformă
- preşedinte
- Profil
- recuperare
- Risc
- razie
- sentiment
- set
- Semne
- Social
- social media
- Sponsorizat
- Startup-urile
- stoc
- Piețele de acțiuni
- Comercianti
- stare de nervozitate
- us
- Volatilitate
- valuri
- săptămână