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- 2024-04-30
2024-04-30
Fernando Fierro
April 30, 2024
Howdy folks,
Bitcoin has been closing multiple red weekly candles, stirring concerns of a bear market.
After hitting an all-time high of $74,000 in March, BTC has faced a downtrend, which has caused some people to wonder if the bull run is already over.
Analysts are split, with some arguing Bitcoin’s current path mirrors past halving cycles, suggesting the bull market might still be on track for another peak, but in 2025.
In other news:
🔍 Russia reintroduced a proposal to ban the circulation of private cryptocurrencies, sparking uncertainty for digital asset users.
The bill exempts miners and central bank trials, signaling a push for the digital ruble.
How will this affect crypto adoption in Russia, and what does it say about the broader conflict between centralized and decentralized money?
🚀 Trust Wallet has swiftly returned to Google's Play Store after a brief suspension. The app was restored within an hour, but not before its token plunged by 5%.
Despite the hiccup, Trust Wallet is committed to #BUIDLing, showing the resilience and importance of secure and accessible crypto wallets.
⚠️ Ethereum dipped 4.20% after reports of discouraging meetings between the SEC and ETH ETF applicants. The filings suggest the SEC views ETH as a security, complicating ETF approvals.
Is regulation hindering crypto innovation? Industry leaders call for clearer rules, but market reactions show the ongoing uncertainty.
DailyCoin Daily Meme
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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.
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