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Table of contents

  1. BTC and ETH
    1. Mastercard

      BTC and ETH

      Bitcoin rose 2.9% in the past 24 hours, surpassing the psychologically significant round level, now trading at $20.2K. Ethereum rose to $1350, adding 2%, which is in line with the entire crypto market valuation growth.

      mastercard presents security solution people trust crypto less bitcoin btc and ethereum eth up grafika numer 1mastercard presents security solution people trust crypto less bitcoin btc and ethereum eth up grafika numer 1

      The Bitcoin price is testing its 50-day moving average on Wednesday morning. Decisive buying from the level of this curve could signal the market is moving into the next phase with more active buying. Right now, however, we draw attention to the increased caution of investors in the sector, as the equity market looks much more buoyant.

      Glassnode estimates that 78,400 BTC belonging to miners could be at risk of liquidation if bitcoin falls below $18.3K. Volatility could intensify after an extended period of consolidation of around $20K.

      Mastercard

      Cryptocurrencies are losing popularity as an investment vehicle amid a bear market. According to a Bankrate survey, trust in digital assets has fallen the most among millennials, to 29% from 49% in 2021. The figure fell from 21% to 11% among the older generation.

      Read next: Reserve Bank Of New Zealand Raised Rates By 50bp Yet Again | In Anticipation Of The Next OPEC Meeting| FXMAG.COM

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      Analyst firm Bolide Finance said investors prefer trading to stable returns in the DeFi sector, showing positive returns despite the crypto crisis and declining volumes.

      International payments company Mastercard has unveiled Crypto Secure, a solution allowing banks to detect and prevent fraud on trading platforms that support cryptocurrencies.

       

      The developers of Telegram’s Wallet bot launched a P2P service for direct buying and selling of bitcoin and Toncoin (TON) between users.


      Alex Kuptsikevich

      Alex Kuptsikevich

      Financial market professional with 16-years' experience and Senior financial analyst at FxPro. Author of daily reviews on the impact of economic events with comments regularly featured in top international and Russian media. Covers fundamental analysis, global markets, foreign exchange market, gold, oil, cryptocurrencies.

      Alex Kuptsikevich is a regular contributor to both digital and print media including CNBC, Forbes, Reuters, MarketWatch, BBC and Coindesk.


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