Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
China's crackdown on crypto
3 Reasons Why Governments Are against Cryptocurrencies
According to reports from PwC, over 85% of central banks are either investigating or on pilot programs for digital versions of fiat currencies. The digital versions are now gaining traction as Central Bank Digital Currencies (CBDC), with China taking the lead with the e-yuan. However, while many countries seem ambitious about this version of virtual currencies, it doesn't mean they embrace cryptocurrencies. CBDCs are not cryptocurrencies, and some governments developing them have even banned cryptocurrencies. China is one of the…
4 years ago