The cryptocurrency market is active even when we are asleep. And what has just occurred in this world is the tale of a digital revolution rather than merely an economic shift. Unexpected news is emerging on all fronts, from Bitcoin, Ethereum, NFTs, memecoin, and hacking, demonstrating that this market is more than simply a technological advancement; it has evolved into a novel idea.
El Salvador once more purchased bitcoins
Let’s start by discussing El Salvador, the nation that shocked the globe by recognising bitcoin as a legitimate currency. This tiny nation increased its bitcoin holdings by 8 this week, bringing the total to 6,236.18 BTC. This sum, which is currently valued at almost $734 million, demonstrates that this nation views digital gold as the key to the future.
Transactions in the NFT market have increased
The NFT market’s narrative is just as fascinating. Despite a sharp decline in buyers and sellers, the volume of transactions has risen by 20.67% to $122.6 million. This suggests that fewer, wealthier individuals are currently involved in this sector.
Transactions on Ethereum and Bitcoin increase dramatically
When it comes to Ethereum, the network is thriving once more. The transaction volume has increased significantly, rising 133.36% to already exceed $50 million. At the same time, Bitcoin had a 50.12% increase and reached $15.5 million. A big fish, or “whale,” purchased 2,000 ETH during this surge, which was valued at over $5.9 million; the transaction was completed at a price of roughly $2,952 per ETH.
DV8 transforms into a Bitcoin Finance Firm
DV8, a large Thai corporation, has also taken a step into the cryptocurrency space. Under the leadership of Chatchaval Jiaravanon, this organisation is currently evolving into a finance corporation that is entirely reliant on Bitcoin. This shift indicates that conventional financial institutions are suddenly acknowledging the potential of blockchain technology and cryptocurrency.
BlackRock historic Ethereum ETF investment
Two million Ethereum have been held by BlackRock, the biggest asset management firm in the world, through its iShares Ethereum ETF. This is 1.65% of the total Ethereum supply, demonstrating that institutional investors are now expressing trust in the market as well.
Disclaimer: This article is written for general information purposes only. Please consult your financial advisor before making any financial decision. Investing in cryptocurrency is subject to risk.
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