Bitcoin Corrects From $55K –BuyUcoin: The biggest news stories of the day

On a busy day for news, here are the standout stories from the world of crypto in our best of the day’s segment.

  1. Contents hide
    1. Bitcoin Corrects From $55K
    1.1. 1% Deposit Bonus & Withdrawal Fees On Crypto Deposit in BuyUcoin
    1.2. A Decade in the Making: US SEC Approves 11 Bitcoin ETFs, Igniting Market Enthusiasm
    1.3. Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?
    1.4. 10 Must-Have Features on Bitcoin Staking Site
    1.5. Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

    Bitcoin Corrects From $55K

Bitcoin price extended its rise above the $55,000 resistance against the US Dollar. BTC is correcting lower from $55,800 and it could find bids near the $52,500 zone. There was an upside extension in bitcoin above the $54,500 resistance zone. BTC even cleared the $55,000 resistance and settled well above the 100 hourly simple moving average.

Read more on Bitcoin Weekly price update

  1. ‘Game changer’ for Maker and Ethereum with Optimism Dai bridge announced

The Dai stable coin produced by decentralized lending protocol MakerDAO is getting some speed and fee enhancements with its forthcoming upgrade on layer-two. Ethereum scaling solutions provider Optimism will provide the technology as announced on the MakerDAO forum on March 9.

  1. JPMorgan launching ‘crypto exposure basket’ featuring MicroStrategy and Square

JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC.

  1. Ripple and XRP ‘Enjoy the Trust of Many Banks as a Model for CBDCs’

Ripple and XRP enjoy the trust of many banks as a model for CBDCs because it is highly centralised and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralised and permissionless Bitcoin and Ether, says CPA Australia Report.

Read more on What to Expect for Ripple?

  1. Crypto Whales Accumulate Ethereum as ETH Price Moves to New Highs

Data shows that cryptocurrency whales are rapidly accumulating Ethereum’s ether, the second-largest cryptocurrency by market capitalization, as the price of the cryptocurrency steadily moves up to new highs. 
Read more on Ethereum bull run

1% deposit bonus on crypto in buyucoin

1% Deposit Bonus & Withdrawal Fees On Crypto Deposit in BuyUcoin

BuyUcoin giving 1% deposit bonus on crypto and reimbursement of crypto withdrawal fees for Indian user who have funds on banned crypto exchange. In the wake of the recent ban ...
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Bitcoin ETFs

A Decade in the Making: US SEC Approves 11 Bitcoin ETFs, Igniting Market Enthusiasm

After years of anticipation and regulatory scrutiny, the U.S. Securities and Exchange Commission (SEC) has granted approval to 11 Bitcoin ETFs applications, marking a significant milestone in the cryptocurrency and ...
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Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?

Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?

Everyone wants to know that bitcoin will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved? We talk about the Bitcoin ETF, an important part in the cryptocurrency space. According ...
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10 Must-Have Features on Bitcoin Staking Site

Crypto has provided many benefits for online gambling, and almost all relevant gambling sites now offer it as a payment method.  With so many gambling sites, players, especially those without ...
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Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

Happy Cryptomas to all of you! During the bullish state of the crypto market, margin-lending platforms and decentralised exchanges were the most often used DeFi protocols. Bitcoin is Up 167% so ...
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