
Bitcoin Recovers Above $57k Following Last Week's Dip
The leading cryptocurrency is recovering from last week's dip, and its price could aim for the $60k level over the next few hours.
Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.
The leading cryptocurrency is recovering from last week's dip, and its price could aim for the $60k level over the next few hours.
The Ethereum network has been plagued with high gas fees, making several developers move to other programmable blockchains.
The cryptocurrency space suffered huge losses last week, and El Salvador has taken advantage of the dip to add to its portfolio.
The metaverse ecosystem has gained a lot of attention in recent weeks, and Grayscale believes it will be a $1 trillion market.
The bear market is affecting the prices of numerous cryptocurrencies, but MANA and SAND have both touched new all-time highs over the past few hours.
eToro has announced that its users in the United States will no longer have access to Cardano (ADA) and Tron (TRX) due to regulatory concerns.
El Salvador remains the only country to have made Bitcoin a legal tender, but global financial institutions are against the move.
The cryptocurrency market has lost more than 10% of its value over the past two weeks as bears take control.
The leading cryptocurrency continues to struggle below the $60k level as the broader market sheds over $300 billion in a week.
A new survey by Ernst & Young reveals that nearly 1/3rd of hedge fund managers plan to invest in cryptocurrencies in the coming months.
The NFT space has experienced massive growth in recent months, and investors are starting to troop into the market.
The DeFi space has grown to become a $200 billion sector, but it has also experienced a high number of scams and thefts over the past year.