The Bitcoin price fell this Friday
To start the first day of the weekend, we noticed that Bitcoin has fallen sharply. However, as we’ll see later, it doesn’t stop your path to success.
As previously mentioned, the price of Bitcoin dropped nearly $ 200 in minutes on April 10. It fell below $ 7,000 for the first time in four days.
The main cryptocurrency on the market is sinking with increasing traditional markets, which is reminiscent of additional stimulus measures by the US Federal Reserve. USA and the Bank of England.
Bitcoin has risen steadily since being hit in mid-March. For this reason, there is tension in the crypto market when Bitcoin suddenly drops.
Bitcoin is often touted as a hedge against inflation. Analysts say that in one way or another, it will use the FED’s unconventional methods to combat the slowdown caused by coronaviruses.
However, it is a fact that Bitcoin has fallen and it is necessary to investigate why. It is also recommended to follow the behavior of the currency. For this reason, we recommend our Crypto online tool. This shows that the cryptocurrency is quoted at $ 6,800 and has fallen 6.33% in the past 24 hours.
Corona virus has affected crypto scammers
The economic impact of the coronavirus outbreak even affects crypto fraudsters, as the forensic company Chainalysis found. So Bitcoin fell, but it brought several people with it.
Research on Friday shows that cryptocurrency fraud profits have fallen sharply since the beginning of the year.
On a seven-day moving average, the scammers’ earnings dropped from $ 800,000 in mid-January to less than $ 300,000 in early April. Almost entirely due to the decline in Bitcoin in March with Black Monday.
The researchers initially thought that the coronavirus could make people less susceptible to fraud. But they discovered that so many people were affected.
The number of individual transfers, the number of payments sent to fraudsters, actually reached an annual maximum by early April.
First Bitcoin crypto fund on the Toronto Stock Exchange
From here, we find better crypto messages that reflect how access to Bitcoin has increased.
The Canadian asset manager is the first company to launch a Bitcoin-linked fund on the Toronto Stock Exchange (TSX) after three years of litigation.
Cryptocurrency entrepreneur and investor Tyler Winklevoss tweeted that the Bitcoin fund’s launch on the TSX is historic.
This since it “The first public Bitcoin fund to be listed on a major stock exchange“”
The crypto exchange of the Winklevoss Gemini twins acts as the custodian of the Bitcoin fund.
The TSX is the largest exchange in Canada with over $ 97 billion in monthly trading. Therefore, this fund is a strong ally on the issue of access to Bitcoin.
The price indices used by the fund are provided by the data encryption company CryptoCompare and the VanEck Europe subsidiary MV Index Solutions.
Binance enables access to crypto with debit and credit cards
The largest cryptocurrency exchange, Binance, gave five new countries access to their local currency to purchase cryptocurrencies. Use both your debit and Visa credit cards.
The previously announced new service will expand card support for the Colombian peso, South Korean won, Kenyan shilling, Kazakh tenge and Peruvian Nuevo Sol.
A total of five cryptocurrencies are available for purchase at the start: Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), XRP, Binance USD (BUSD) and Tether (USDT).