(SnapBots News Review) Top Crypto News of the Week
Here is this week’s news recap.
1) Bitcoin Plummets to Nearly 31,000 USD; Investors Catch the Bottom
Due to Chinese and US authorities tightening regulation and tax compliance for cryptocurrencies, bitcoin plunges to nearly $31,000 on May 23. However, just a few hours later, the buying force increased strongly, helping the price of this coin return to the $35,000 mark. Read more.
2) Good Sign for the Crypto Market: Bitcoin Starting to Recover?
The negative sentiment surrounding the crypto market seems to be continuing, especially with China still spreading FUD around the market. However, it seems that at the moment, there are some signs that could be the reason that a potential recovery may occur in the near future. Read more.
3) What Will Be the Future of Bitcoin?
Bitcoin is facing some major hurdles. Bitcoin, which is the most popular cryptocurrency in the world, started to freefall. The price of bitcoin had come nearly up to $30000 which was its lowest. Read more.
4) Billionaire Carl Icahn Plans to Invest Up To $1.5 Billion in Cryptocurrency
Carl Icahn, a billionaire, is considering investing up to $1.5 billion in cryptocurrencies, but warns “much of the cryptocurrency issued today will not survive.” Read more.
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