According to FXStreet, Ethereum continues to strengthen against bitcoin, suggesting a shift in investor interest toward altcoins. Technical indicators suggest that bitcoin's dominance in the cryptocurrency market risks weakening.
Russia's Ministry of Digital Development has introduced new regulations targeting illegal cryptocurrency mining. Individuals engaged in this activity without the required permits will face fines ranging from 100,000 to 2 million rubles, and their digital assets may be subject to confiscation.
Prominent trader Peter Brandt has drawn a comparison between bitcoin's price action over the past year and its 2011–2022 cycle. He suggests that the cryptocurrency could follow a similar pattern, potentially facing a massive correction and plummeting by 75%.
According to Bloomberg data, Bitcoin retreated from its daily highs after failing to surpass the record level set just over two weeks ago. Agency data shows the cryptocurrency's growth of approximately 16% since the beginning of the year.
The UAE is on the verge of revolutionary changes in the financial sector. According to CoinMarketCap, the country is set to introduce cryptocurrency into everyday life of its citizens. Dubai’s Department of Finance has partnered with Crypto.com.
The EUR publication has been released
Trade Balance
9.9B
Down
The RUB publication is expected
GDP Quarterly (YoY)
1.4%
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