Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries

El Salvador president Nayib Bukele has announced that 32 central banks and 12 financial authorities will convene in the country to discuss bitcoin.  The post Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries appeared first on BeInCrypto.

Timeline of Bitcoin

The Terra Foundation after accumulating a huge number of Bitcoins worth billions surprised the entire crypto space as it stood as the second-largest BTC holder after MicroStrategy. However, things got messed up as the TerraUSD(UST) got de-pegged heavily which destabilized the LUNA price too. And as speculated by many LUNA Foundation Guard emptied all their …

El Salvador's president Nayib Bukele announced in September 2021 that the Central American nation would be the first to accept Bitcoins as legal currency. The government spent $105 million on it, after which the government bought more in 2022.

The crypto market correction sent the prices tumbling with Bitcoin (BTC) trading below $27,000 and Ethereum (ETH) dropping below $2,000 last week. However, long-time Bitcoin bull Bill Miller remains unfazed by the steep decline in prices and remains bullish on the cryptos potential.

After breaking down from a long-term structure, bitcoin (BTC) has managed to bounce at the $28,700 Fib support area. The post Bitcoin (BTC) Closes Its Seventh Successive Bearish Candlestick appeared first on BeInCrypto.

Cryptocurrencies began the week trading sideways but analysts expect further price weakness to come, with Bitcoin far from becoming a safe haven asset. Bitcoin hovered around the US$30,000 support level, having eased 0.8% lower to US$29,524, while its closest rival by market value, Ethereum, gave up 0.3% to US$2,023.

Crypto markets have stabilized after last week's bloodbath and on-chain asset movements may suggest that institutional investors are starting to load up on BTC again. The post Institutions May Be Accumulating Bitcoin After Major Exchange Movements appeared first on BeInCrypto.

Thirty two central bankers and 12 financial chiefs representing 44 nations will meet in El Salvador later today, per the nation's President Nayib Bukele, who claimed that – among other things – the group will discuss bitcoin (BTC).

El Salvador President Nayib Bukele said on Sunday that the country will host delegates from 44 countries this week to discuss Bitcoin. Bukele said in a series of tweets that delegates from 44 countries, consisting of 32 central banks and 12 financial authorities will meet in El Salvador to talk financial inclusion, economic digitization and The post Just-In: El Salvador To Discuss Bitcoin Adoption With 44 Countries appeared first on CoinGape.

Highly respected equity research analyst and investment strategist Lyn Alden says that Bitcoin will continue to be the dominant currency in the digital asset market and outpace its competition.  Speaking in a recent interview with the “What Bitcoin Did” podcast, Alden argued that Bitcoin's greatest competition in the crypto race would come from central bank digital currencies

The recent turmoil in the crypto space has hampered many assets largely, mainly Bitcoin which was on its way to hitting $44,000. However, the recent collapse has compelled the price to remain restricted below $30,000. Interestingly, the BTC price rally in the upcoming days is expected to remain restricted within small braces. And hence if …