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Bitcoin Returns Above $58K as Momentum Improves

Bitcoin recovered some of its losses from the “Black Friday” shopping day when it declined by more than 8%, following news of a novel COVID-19 strain called Omicron. 3iQ Digital Assets President Chris Matta discusses the potential drivers moving prices higher as the cryptocurrency is trading over $58,000, up nearly 6% on the day.

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Merkado

Bumabalik ang Bitcoin nang Higit sa $58K habang Bumubuti ang Momentum

Kakailanganin ng mga mamimili na i-clear ang $60K na pagtutol upang mapanatili ang isang uptrend.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

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Expanding the Use Cases of NFTs, Bitcoin’s Blockchain

Hundreds of developers from around the world are building on Stacks, a network of decentralized apps (dapps) and smart contracts atop Bitcoin. But is it a good idea to expand the use of the Bitcoin network, such as minting NFTs?

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Buying the Dip? Microstrategy, El Salvador Acquire More Bitcoin

While bitcoin’s price fell about 8% Friday around $54,237, MicroStrategy said it bought 7,002 bitcoins for about $414 million in cash during its fiscal fourth quarter. Similarly, El Salvador’s President Nayib Bukele said he bought 100 more bitcoins at “a discount” as broader markets tumbled on new COVID-19 variant fear.

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Bitcoin and Prison Reform

BitcoinVegan CEO and "From Bars to Bitcoin" author Justin Rhedrick discusses how he personally overcame the economic setbacks of incarceration by discovering bitcoin as an opportunity for financial freedom and generational wealth. Galaxy Digital CEO and The Bail Project Board Chair Mike Novogratz also shares insights into the role of bitcoin in the U.S. criminal justice system.

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Matuto

Ano ang Cryptocurrency?

Nang inilunsad ni Satoshi Nakamoto ang Bitcoin protocol noong Enero 2009, dumating ang unang Cryptocurrency na mabubuhay sa buong mundo.

(Getty Images)

Tech

Ang Mundo Bitcoin ay bubuo

Ayusin ang pera, ayusin ang mundo. Ang una at pinakamalaking desentralisadong monetary network sa mundo ay maaaring maghatid sa isang mas masigla at makatarungang lipunan.

(Mae Mu/Unsplash, modified by CoinDesk)

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Bitcoin's Price Trajectory Ahead of Thanksgiving Weekend

CoinDesk's Galen Moore discusses what to make of bitcoin's price trajectory as the cryptocurrency is holding support above its 100-day moving average of $53,700. Plus, potential headwinds out of India amid talks of a bill banning cryptocurrencies in the country, and reactions to Salvadoran Ambassador to U.S. saying bitcoin challenges the U.S.' monetary authority.

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Bitcoin Tops $58K With Focus on Omicron and Fed’s Powell Speech

Are bitcoin’s immediate prospects tied to the Omicron variant’s potential impact on the Fed’s monetary policy? GlobalBlock CEO Rufus Round discusses what to make of bitcoin’s recent price swings. The cryptocurrency is trading near $57,300 at press time, representing a 7.3% gain compared to the low of $53,359 late Sunday.

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