New week, new news. Closing the month of January: the cryptocurrency community is commenting on the good run Bitcoin has experienced in the first days of 2023, with a market recovering the losses it experienced in 2022 and increasingly bullish expectations.
In parallel with the optimistic vision of Bitcoin and cryptocurrency enthusiasts, social networks were filled with comments and opinions about a new monetary project between the countries of Argentina and Brazil. It is Sur, a currency project for Latin America that is being discussed within the power of these two nations and has generated comments among renowned figures such as Carlos Maslatón and Steve Hanke.
Read more about the crypto sector and find the latest business news from around the world with the Born2Invest mobile app.
As Bitcoin reaches $23,000 per unit once again, more and more cryptocurrency savers are coming out of the slump of losses and into the world of gains. Thus, the outlook for cryptocurrency investments is becoming more positive.
In line with a more friendly outlook for Bitcoin price, one of the most important metrics to track investor sentiment turned green. This is the Fear and Greed Index, which again points to a market with an optimistic outlook for the coming days.
Bitcoin has also set a milestone this year in terms of its correlation with gold and tech stocks. The cryptocurrency created by Satoshi Nakamoto is once again highly correlated with these investment assets, after losing it at the end of last year.
As for the mining industry, despite the increase in value that Bitcoin has registered in recent weeks, miners are still finding it difficult to generate profits. Now the obstacle is the high cost of electricity, especially in mining hubs such as the United States.
Binance, the exchange with the highest trading volume in the entire ecosystem, is after those who want to manipulate the cryptocurrency market. To this end, they reported recently, having activated a new feature that prevents Pump and Dump strategies.
The Bitcoin network also had technological news this week. It is the initiative of a programmer, who proposes new codes for the blockchain that would make bitcoin safekeeping functions more secure. It is still an initiative under discussion, but it is already in the mail of the developers for study.
At the regulatory level, a White House roadmap outlines the U.S. government’s objectives for cryptocurrencies by 2023. According to the optics of the American state, they wish to study and implement greater regulations for this market in order to prevent their presence from endangering “the country’s economy”
FTX also starred in the news of the week, when it was confirmed that the exchange owes a large amount of money to companies in the ecosystem. Among them, several from Spain, Argentina, and Mexico stand out, such as Typeform or Folkvang.
Finally, El Salvador also enters the week’s roundup due to its new crypto assets law. After the document was approved by the National Assembly, Salvadorans still do not know when the law will come into force and the first bitcoin bonds will start to be issued.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in CRIPTONOTICIAS, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Esperio Partners Review]
This week, we're here to tell you why affiliate marketing is the meaning of life. And no, that's not a...
Binance: Problems with Paysafe and SEPA – Customers Should Exchange Euro for Tether
It is known that Binance has problems with regulators in several European countries, including Germany. But the fact that support...
Qualitime Plans to Reach a Turnover of €11 Million in 2026
At the moment, Qualitime application has 1,800 registered visitors from the main laboratories in the country and about 400 health...
Peruvian Mining Companies Urged to Focus on Redouble ESG Certification Efforts
Experts recently said that the ESG certification of mining companies with operations in Peru will become increasingly important. They also...
Safeguarding Your Business Funds in Periods of Economic Uncertainty
The dust hasn’t yet settled from the 2023 banking crisis, and another closure could very well be right around the...
Business5 days ago
Current Woes in Bonds Promise Future Grief for Stocks: Focus on Dow Jones
Business2 weeks ago
Your Small Business Phone Is Scaring Away 94% of Your Clients. Here’s How to Fix it With Air Landline
Biotech3 days ago
Jazz Pharmaceuticals’ Leukemia Drug Receives European Commission Approval
Business1 week ago
Use This AI-Powered Money Saving App to Boost Your Finances