Binance the largest cryptocurrency exchange in the world was warned that it cannot provide services in the United Kingdom without a license.
BTC dropped below $30,000, hitting its lowest level since January 28. This drop is due to both the Chinese mining companies moving out of China and increased regulatory pressure on the cryptocurrency industry.
The resounding statements by Elon Musk and other market participants about the dangers mining presents for the environment were one of the reasons for the correction. Yet, how fair are these arguments?
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For the first time ever, the main cryptocurrency will become a legal payment method along with the US dollar. Here is how this will affect digital assets and which countries may soon follow the example of El Salvador.
According to research by Santiment analytical service, the largest holders of the main cryptocurrency continue to accumulate digital coins.
The drop of Bitcoin to $30,000 had almost no effect on the non-fungible token market. Yet, this does not mean that NFT can be used as a protective tool in the development of an investment portfolio.
An indicator that may signal an imminent deeper decline in the market has appeared on the cryptocurrency rate chart.Currently, the chart of the Bitcoin rate is potentially developing a "cross of death" pattern, which may indicate an imminent onset of selling off or an intensification of a downtrend. We assume that this pattern may fully form roughly between the end of July and the beginning of September of the current year.