According to Coinbase data, Bitcoin dropped as low as $19052 on Saturday. Ethereum fell below $1,000 and reached a low of $988 at press time. Bitcoin fell below its 2017-2018 bull market high.
The leading investors in Celsius Network won’t be backing the crypto lending company with additional funding.
Jeffrey Gundlach of Doubleline Capital, also known by the nickname “bond king”, says that he wouldn’t be surprised if bitcoin prices fall to $10K. He explained that he has already witnessed some “blowups” in the crypto world and this could indicate some problems.
They stated that DiBaT’s purpose is to convert all USF supply budget dollars into tokens, and monitor fund movement between billing centers, purchasing centres and suppliers.
Alejandro Zelaya is the El Salvador’s treasury Minister. He called out those who were critical of the bitcoin investments his country made through President Nayib Bukele. Zelaya said that there were no losses due to the fact that the bitcoin bought — approximately 2,300 BTC – had not been sold. Zelaya also said that the media coverage on the issue is biased.”
Globant, an Argentina-based software company, found that many people believe the metaverse is accessible and close to them. According to the report “How the Metaverse transcends digital limits and reinvents our place in this physical world”, 73% of people surveyed believed that the metaverse was accessible, while only 26% had experienced it.
Stacey Cunningham, a former president of the NYSE, has joined Uniswap Labs to serve as an advisor. The company also has a former Obama communications chief as well as a BlackRock managing Director.
Bill Gates, a billionaire philanthropist, took aim at “expensive digital pictures of monkeys,” and expressed skepticism over NFTs as well as the cryptocurrency space.
Peter Schiff, an economist and gold bug, has made dire predictions about cryptocurrency. He specifically predicted that bitcoin and ether would crash to $20K. He stated that “the need to sell bitcoin in order to pay the bills” will get worse with the recession. He also said that bitcoin will crash to $20K, while ether will plummet to $1K.
The Bank of Canada’s senior deputy Governor says that the central bank doesn’t want to wait for crypto to “get a lot bigger” before putting in regulatory controls. The official stated that although the area is still small, it is growing rapidly.
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