The price of one bitcoin hit $100,000 for the first time Wednesday as demand for the digital currency continued to surge in the wake of an election that saw victories for crypto-friendly candidates led by President-elect Donald Trump.
Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone.
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentine lead Latam in stablecoin adoption.
The Bank of Russia is exploring the use of stablecoins in cross-border transactions, considering them as digital financial assets (DFAs) under existing regulations if they have a responsible entity. The initiative may involve a limited group of qualified investors and would require testing for regulatory feasibility.
United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will invest in a variety of projects, including power generation, data mining, blockchain, decentralized physical infrastructure, and AI. It will also support startups and software development related to these areas.
U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $202.51 million on Monday, marking the eighth consecutive day of gains. In contrast, spot Ethereum ETFs experienced a loss of $13.23 million during the same trading session.
On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory.
Bitcoin’s price has been fluctuating between $57,815 and $61,815 for nearly seven days, with the 50-day simple moving average (SMA) at $61,662 providing persistent resistance.
Dogecoin is about to undergo a noteworthy technical event that could significantly affect how much it moves in the future. This is almost a death cross, where the 200-day Exponential Moving Average (EMA) crosses below the 100-day EMA.
The Federal Bureau of Investigation (FBI) has responded to a Freedom of Information Act (FOIA) request from prominent tech entrepreneur and disinformation researcher Dave Troy about enigmatic Bitcoin creator Satoshi Nakamoto.
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