Week after week, the crypto sector continues to innovate and redefine the boundaries of finance and technology with audacity and creativity. In this weekly recap, we will explore the most significant news of the past week.
While the price of gold has reached a new record above $2,100 per ounce this week, the performance of the precious metal far surpasses that of Bitcoin. Whereas gold is entering unknown territory with a relatively stable dollar, Bitcoin still has to rebound more than 60% to surpass its previous peak.
Gold and Bitcoin are surging. While one mainly benefits from geopolitical tensions, the other gains from anticipation regarding ETFs and the halving event.
Bitcoin (BTC) is now cited as one of the most important assets in the global financial ecosystem. The latest figures show that this flagship cryptocurrency is so dynamic that it has managed to rank among the top 10 most strategic financial assets in the world, displacing some well-known financial giants.
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The inimitable Max Keiser has restarted the rumor. Qatar is about to invest 500 billion in bitcoin. Just that…
The Bitcoin network's hash rate has just reached a new all-time high, surpassing for the first time the symbolic threshold of 500 million terahashes per second. However, some experts warn of a sharp reversal risk. A sudden drop in hash rate would weaken the network's security and cause the price of Bitcoin to plummet.
In recent weeks, all eyes have been on Ripple (XRP). In the ecosystem, most investors are anticipating an imminent explosion in the crypto's value, due to the developments in the ongoing lawsuit between Ripple and the SEC. Indeed, as discussions continue between the two parties, the XRP market is buzzing. XRP activity has reached a record high not seen since August. Details here.
Like a rocket, bitcoin is gradually approaching its All Time High from November 2021: 69,000 dollars. Currently, the flagship crypto oscillates between 41,000 and 42,000 euros. But this allows some analysts to predict a frenzied race towards other summits.
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