A total failure in El Salvador won’t doom digital currencies, but it will force a downward revision in potential market share of many crypto ideas. By Aaron Brown.
Browsing: Bitcoin
Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in two-and-a-half months as El Salvador’s historic adoption of the crypto asset as legal tender caused chaos online and on the street.
Bitcoin plunged as much as 17% to its lowest level in a month amid news El Salvador’s cryptocurrency roll-out was faltering.
Bitcoin is undergoing the biggest test in its 12-year history as El Salvador becomes the first country to adopt it as legal tender on Tuesday.
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“Fomo” remains alive and well in the cryptocurrency world, with lesser-known tokens outperforming again in the wake of recent rallies staged by industry leaders bitcoin and ether.
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It was only a few weeks ago that some strategists were eyeing a possible drop to $20 000 for bitcoin, months after it had hit an all-time high near $65 000 in April. Now it’s back above $50 000. What happened?
PayPal Holdings will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
Bitcoin has once again topped the closely watched $50 000 level again in an ongoing recovery in the cryptocurrency market from a disorderly rout just three months ago.