Bitcoin (BCT) has bottomed out and is ready to exit the bearish trend, says Yves Lamoureux, who correctly predicted global reversals in the Cryptocurrency market in 2021, 2020 and 2017
Binance intends to strengthen user identification control (KYC) and minimize risks to its business. The exchange has signed agreements with analytics company Kharon and cloud diagnostics provider Neterium, which will help identify illegal activity on the site.
Cointelegraph’s weekly market report includes not only a summary of the main events of the last 7 days, but also a detailed Crypto forecast for traders. The piece, published yesterday, talks about the five digital assets that users will have to follow most closely in the coming days. According to experts, these are the coins that could skyrocket in value this week.
Jeremy Allaire tweeted about the company’s new policy, built around full transparency of USDC’s Stackablecoin collateral:
On Monday, May 23, the rate of Bitcoin reached $30.6 thousand. As of 15:00 Moscow time, the first Cryptocurrency is trading at $30.4 thousand, it has risen by 1% over the past 24 hours. During the week, the value of the asset decreased by 3%, writes RBC Crypto.
Traders from South Korea believe that they have nothing to lose at such ridiculously low prices, reports Reuters. At the same time, according to the analytical company Elliptic, previous holders of UST and Luna in the last week have lost a total of about $42 billion.
Analysts at asset management company CoinShares reported that institutional investors invested $274 million in Cryptocurrency funds during the week of May 9-13, a record since the beginning of the year.
On May 11, the rate of Bitcoin fell by 8% per day updated the minimum from the summer of 2021 at $29 thousand. Then the value of the asset returned above $31 thousand. The value of the first Cryptocurrency fell simultaneously with the U.S. stock market, writes RBC Crypto.