This price stability, even as rate cuts are taken off the table for May, Riya Sehgal, research analyst at Delta Exchange, said, underscores crypto's evolving market maturity and its growing appeal
Investors' confidence, analysts said, stands strong as the White House plans to establish the Bitcoin Strategic Reserve using alternative government revenue sources
Following a strong recovery, the flagship cryptocurrency, Bitcoin, which had briefly touched $82,300, is stabilising around $80,000 as markets absorb softer-than-expected US CPI data
WazirX's parent firm Zettai said 93.1 per cent of eligible voting creditors, representing 94.6 per cent in value of claims, voted in favour of the scheme
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Bitcoin briefly tested resistance at $85,526 before pulling back, signaling potential consolidation in the near term
He expects the funds to come into the digital network from Russian real estate, Chinese private equity, and markets in Africa and South America
Bitcoin, Fink said, represents both a disruptive innovation and a geopolitical risk, particularly if the US government fails to address its rising debt and fiscal deficits
The escalation of trade tensions following US President Donald Trump's tariff announcement, analysts believe, has injected fresh volatility into traditional markets
Market analysts suggest that the recent movements in the crypto market reflect a mix of resilience and caution. Investors should keep an eye on US jobless claims and GDP data due later today
Historically, April has been a strong month for Bitcoin, with an average monthly gain of 13 per cent, raising expectations among market participants
The independent assessors (IA) verified the existence, control, and quantity of the platform assets
Newly-established Pakistan Crypto Council will be establishing a regulatory framework aimed at integrating blockchain technology into its economy
The announcement comes at a time when creditors are tentatively scheduled to vote on the asset redistribution scheme between March 19 and 28
ECB has been working on creating a digital euro since 2020, after Facebook announced a year earlier it wanted to launch its own digital currency called Libra
Needs approval of at least 50% of creditors by volume, and 75% by value
The US, for example, holds around $17 billion equivalent of cryptocurrencies seized from criminals, and China is estimated to hold around $19 billion
The price of Bitcoin rallied to $95,083 per piece on Sunday from $78,225 on Friday following Trump's announcement. It normalised to $83,687 on Tuesday at the time of writing this report
India had its largest crypto theft last year when currencies worth $230 million were stolen from wallets linked to WazirX exchange, according to news reports
Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth