Bitcoin begins a new week with strengthening positions. During the Asian session on May 30, the exchange rate of BTC rose to $30,600. The capitalization of the largest digital currency increased by 5.5% to $583 billion.
Charles Hoskinson, in a video broadcast on Twitter, warned of an “anti-utopian future” caused by hyperinflation and the uncontrolled release of money by governments. In doing so, he stated that cryptocurrencies are the cure for a “world economy that is not healthy.
Large cardano (ADA) investors have accelerated their accumulation of the Cryptocurrency as a bear market is forming. This was reported on Twitter by analyst firm Santiment.
The digital asset expert thinks it’s profitable to invest in Etherium and three other altcoins right now. In the next cycle, he plans to add Solana and Terra to his portfolio.
In March, Elon Musk polled his subscribers on whether he should develop an open-source platform that supports democracy and free speech.
Charles Hoskinson revealed in a YouTube video review that the hardfork should take place, as previously planned, in a couple of months:
In April 2022, Bitcoin’s capitalization shrank about 13% to $762.989 billion. BTC fell below $40,000 on Tuesday, April 12, for the first time since March 16.
Cardano altcoin (ADA) lost more than 5% in value over the past 24 hours. ADA fell to $1.07 on Friday, April 8. Cryptocurrencies also suffer on the background of the general withdrawal of capital from risky assets.
Cardano altcoin (ADA) has fallen 6% to $1.11 over the past week. ADA is the ninth-largest digital currency.