Canadians would be disappointed with cryptocurrencies. According to the latest statistics, a significant number of them have regretted their investments in this digital asset. Details !
This is the bombshell in the crypto sphere: Anatoly Yakovenko, the founder of Solana, has just made an unexpectedly mild statement regarding the Ethereum blockchain. While the two projects are often depicted as fierce competitors, Yakovenko sought to ease tensions during a notable address.
For several years, cryptocurrencies have been experiencing a special growth that is reshaping the global financial ecosystem. This dynamic, which is in line with the times, was until recently largely hindered by the absence of regulation in the crypto sector. This situation posed risks of anarchy and led to certain catastrophic events in recent months. To address these concerns, the European Union (EU) has taken the lead by introducing its regulation on crypto-assets markets (MiCA). At a time when several analysts anticipate a bull run in the cryptocurrency market, many specialists believe that the MiCA law will be one of the catalysts for this momentum. Let us analyze this in light of the potential of unprecedented crypto regulation, soon to be fully operational.
Like an ant, this institutional investor has alternated buying Ethereum at opportune times and has been rewarded handsomely. Indeed, since September, when ETH was trading between $1,500 and $1,600 per coin, this whale was able to amass a tidy sum of over 41,000 ETH. Imagine how much that is worth today, with ether valued at over $2,200.
Binance played the role of a catalyst for the rise of LUNC. The crypto exploded by 60% following an announcement from the exchange.
This weekend, the price of Bitcoin (BTC) crossed the symbolic threshold of $40,000, reaching $40,846 on Sunday evening. This is its highest level since April 28, 2022. Fueled by optimism, the flagship cryptocurrency is beginning its return to the heights after over a year of turmoil.
Week after week, the crypto sector continues to innovate and redefine the boundaries of finance and technology with audacity and creativity. In this weekly recap, we will explore the most significant news of the past week.
While the price of gold has reached a new record above $2,100 per ounce this week, the performance of the precious metal far surpasses that of Bitcoin. Whereas gold is entering unknown territory with a relatively stable dollar, Bitcoin still has to rebound more than 60% to surpass its previous peak.
Gold and Bitcoin are surging. While one mainly benefits from geopolitical tensions, the other gains from anticipation regarding ETFs and the halving event.
Bitcoin (BTC) is now cited as one of the most important assets in the global financial ecosystem. The latest figures show that this flagship cryptocurrency is so dynamic that it has managed to rank among the top 10 most strategic financial assets in the world, displacing some well-known financial giants.