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.
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.