This week the bitcoin community experienced a bloody market and the consequences were immediate: millions of dollars in liquidations and even technical failures on Binance, the largest exchange by transaction volume.
Following the collapse—which took many by surprise after a new all-time high was set—the price of bitcoin has been oscillating between $106,000 and $116,000, raising concerns among those awaiting the return of the bullish rally. Something that most analysts predictalthough possibly not as soon as many would like.
And while the market is waiting for what will happen to the price, it was learned that the United States has on its hands a new stash of BTCas a result of a new seizure.
At the regional level, Spain gives the green light to cryptocurrency embargoes for debts with the Treasury. This, at the same time that Venezuelan users are in the middle of a stir over changes in Cashea, the credit platform that (along with USDT) serves as their tool against inflation.
If you missed some of the most relevant news of the week, don’t worry, we also compiled them for you with our informative menu.