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Bitcoin News

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Bitcoin Briefly Drops Below $43K, Wipes Out Past Week's Gains

A new chart of the bitcoin price over the past week reveals the impact of Tuesday's wipeout. Bitcoin tumbled 11.3%, the most since May and plunged as low as $42,900 during the selloff. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Политика

Bitcoin Now Legal Tender in El Salvador, Marking World First

In a show of support, crypto proponents are buying $30 worth of bitcoin to commemorate the occasion known colloquially as “Bitcoin Day.”

Nayib Bukele asiste a la Asamblea Legislativa  por su segundo aniversario en el poder (Foto de Emerson Flores/APHOTOGRAFIA/Getty Images)

Рынки

Bitcoin Tumbles Most Since May and El Salvador Buys the Dip

Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.

Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)

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BTC Briefly Dropped Below $40K on Huobi Amid Massive Liquidation

More than $3 billion in long positions were liquidated on Tuesday.

BTC/USDT trading pair on Huobi.

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Видео

Bitcoin Tumbles Most Since May

"The Hash" panel analyzes the crypto markets and outlook as all major cryptocurrencies are in the red. Bitcoin tumbled 11.3%, the most since May, leading a broad retreat from digital assets even as bullish investors touted El Salvador’s adoption Tuesday of the largest cryptocurrency as legal tender. What's going on?

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Видео

Bitcoin Now Legal Tender in El Salvador, Marking World First

Bitcoin's price fell 11.3% Tuesday as the cryptocurrency officially became legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. President Nayib Bukele tweeted he was “buying the dip” with “150 new coins added." The team of "The Hash" discusses El Salvador leading the world into bitcoin and the implications for the crypto community, global economy and beyond.

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Финансы

El Salvador’s Bold Bet on Bitcoin Could Inspire the World

The standard playbook for building national wealth doesn’t work anymore. Bitcoin provides an alternative.

A person purchases a bottle of Coca-Cola from a shop that accepts Bitcoin in El Zonte, El Salvador, on Monday, June 14, 2021. El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal. Photographer: Cristina Baussan/Bloomberg via Getty Images

Финансы

El Salvador’s Bitcoin Law Is About Self-Determination

Today, bitcoin became legal tender in the Central American nation.

El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.

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Valkyrie CIO on Bitcoin as BTC Becomes Legal Tender in El Salvador

Bitcoin is now officially a legal tender in El Salvador. The cryptocurrency is declining after testing resistance near $52,000 on Monday, with initial support seen at the $50,000 breakout level. Steven McClurg, CIO and co-founder of asset management firm Valkyrie, discusses his crypto markets analysis and outlook. Plus, his take on altcoins and bitcoin ETFs.

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Видео

What Could Liquid Exchange Do Now to Prevent Future Crypto Hacks?

Seth Melamed, COO of Liquid Group, discusses Liquid Exchange’s $90 million hack and measures the firm is taking to prevent hacks like this from happening again. Plus, his reasons why he doesn’t think El Salvador’s bitcoin law is sustainable and whether he foresees Asia potentially adopting BTC as legal tender.

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