Altcoins

The Canadian government will begin consultations on cryptocurrencies, stablecoins, and CBDCs. The ruling body maintained that such assets should function under strict supervision since they could facilitate illicit operations and pose “a challenge to democratic institutions.” Crypto is Among the Budget’s Priorities As disclosed in its mini-budget 2022, Canada’s federal government will aim to impose rules on the local cryptocurrency sector. The officials started a series of...

Bitcoin initiated another leg up in the past 24 hours and charted a new two-month high. Several altcoins have also marked impressive gains in the past 24 hours, including MATIC, which tapped $1.2 earlier today. Bitcoin’s New Local Peak The primary cryptocurrency went through enhanced volatility at the start of the month, as CryptoPotato warned before, following events coming from the United States. At first, the Federal Reserve hiked the interest rate by 75 basis points,...

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Bitcoin cash is attempting a fresh increase from the $112 zone against the US Dollar. The price is now trading above the $115 zone and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $115 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $120 and $122 to continue higher in the near term. Bitcoin cash price is climbing above $115 against the US Dollar, similar to bitcoin. BCH/USD...