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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Bitcoin (BTC) and Altcoins Dropped! Here is the Latest Status..
The Russian coup attempt had a negative impact on the crypto market.
As of today, it can be seen that decreases are dominant in the crypto money industry. Although there were no decreases in the crypto market in the morning and afternoon, it is seen that crypto assets have gradually lost value in the last hours.
In the last minutes, the leading cryptocurrency Bitcoin (BTC) fell to $ 30,250. This decline of BTC seems to have badly affected altcoins as well.
Although there is no full-bridle downtrend in the industry, even a 1% depreciation of BTC causes low market cap altcoins to fall in the 5-10% range.
Let's take a look at the latest situation in altcoins together:
Influenced by Recent Developments in Altcoins!
It seems that the most important reason for the declines in Bitcoin and altcoins is the bad course in Russia. The coup attempt also negatively affected the crypto market.
The above major and minor cryptoassets are driving the industry, although lower market cap altcoins have experienced larger drops.
It is observed that the average decrease of these products in the last 24 hours is 3 percent. In the following hours, if Bitcoin sags below $ 30 thousand, it may cause the situation to worsen.
My advice is to put a stop to your crypto investments just in case.
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