The weekly highs were updated on decreasing volumes, so in the near future there is a high probability of market consolidation near key support levels.
The state of Ohio's recent decision to allow businesses to pay taxes using Bitcoin has sparked a wave of criticism in the community, with many seeing it as an impractical and ill-considered PR move.
Stranded Iranian students in the United Kingdom are using Bitcoin as a tool to circumvent economic sanctions imposed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is one of scores of Iranian students unable to pay tuition fees after US President Donald Trump imposed sanctions on Iran last month.
Less than two weeks after marijuana was legalized in Canada, citizens of the country began being denied entry into the United States due to the legal use of cannabis. Canadians became concerned that the United States' borders would be closed to them.
Yesterday's impressive volumes of purchases continued to increase prices and, after a pullback from weekly highs, the market is still in the green zone.
Binance CEO Changpeng Zhao expressed doubts about whether the 2018 crypto correction phase is over. Speaking to Bloomberg, he explained that cryptocurrency is a speculator's area and its volatility should come as no surprise to anyone.
By May 31, 2022, Monero will have 18.4 million XMR in circulation. And the project has already mined more than 90% of this amount.
Although the cryptocurrency market experienced heavy losses this year, which only increased towards the end of the year, some indicators, such as Google Trend search history, suggest that cryptocurrency is still quite popular around the world.
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