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…
Dwindling Trust
Are There Any Setbacks for Making Bitcoin a Legal Tender?
El Salvador is the first country globally to make Bitcoin a legal tender, despite the coin's enormous popularity. Yet, surprisingly, countries like China are openly against Bitcoin becoming a legal tender. Bitcoin's ultimate goal is to become a globally accepted financial system that could allow the exchange of goods and services, i.e., legal tender. However, the journey to Bitcoin becoming a legal tender continues to face a myriad of regulatory issues. In the United States, The Financial Crimes Enforcement Network…
4 years ago