After several days of upward trading, much of the crypto market has plummeted in value over the past 24 hours. Bitcoin lost 4 thousand dollars and ETH fell below 4 thousand dollars. After hitting a new 3-week high of $59 600, Bitcoin fell by about $4 000 in a matter…
The cost of the first cryptocurrency first exceeded $56.4 thousand, after which it rolled back to $53.4 thousand in a few hours. This may be due to the fact that rumours about the purchase of bitcoins by the social network were not confirmed.
The cryptocurrency market has gone through a difficult week. After falling from all-time highs on the previous Sunday, the bitcoin price resumed its decline on Thursday until it reached a local low below $48 000. In just two days, the volume of liquidations exceeded $14 billion.
Against the backdrop of a rapid drop in hashrates due to power outages in China, the average commission on the Bitcoin network has exceeded $60. The last time the same high rate was observed at the end of 2017 — at the peak of the last bull market cycle.
On April 15, a Berlin hardfork took place on the Ethereum mainnet at block #12 244 000. In anticipation of the event, the price of the asset renewed its all-time high above $2 460, and open interest in futures reached a record $8.1 billion.
Berlin has implemented four proposals for improving Ethereum, including a change in the gas price calculation algorithm (EIP-2565 and EIP-2929), as well as new types of transactions (EIP-2930 and EIP-2718).
For the first time in the last month, Bitcoin has risen in the rate above $60 000. At the time of writing, the market capitalization of the leading digital coin is $1 125 016 634 563, and the rate fluctuates around $60 231. …
Bitcoin is not considered a security under US law, but that does not mean that it should not be regulated, said former chairman of the US Securities and Exchange Commission (SEC) Jay Clayton.
“The digital asset space will ultimately be driven in part by regulation both domestically and internationally. I expect that regulation will come to this area, both direct and indirect, “he said, stressing that he expresses his opinion” as a citizen. “
Under Clayton, the SEC launched a fight against unregistered and fraudulent initial coin offerings (ICOs). The commission also refused to approve applications for the creation of a Bitcoin ETF.
Clayton noted that Bitcoin had been removed from securities law long before he took over as chairman.
The Central Bank of the Russian Federation is considering the possibility of limiting the use of stablecoins as settlements in Russia by analogy with cryptocurrencies, said Ivan Zimin, director of the financial technology department of the Bank of Russia.
“We have already taken the first step in terms of unsecured…