BTC price settles at $63,000 as network difficulty eases, Binance regulatory woes continue: This week’s crypto roundup

Bitcoin price experienced a lot of volatility last week, especially before and after the most recent US Fed FOMC meeting, but managed to regain some ground during the current one. Let’s unpack

The major cryptocurrency had fallen to a multi-month low of $56,500 last Wednesday, went on a volatile rollercoaster as the US central bank said it would not raise interest rates and began its recovery on Friday .

BTC then surged from below $59,000 to $62,000 in minutes and continued to climb over the weekend. As such, it touched $64,000 on a couple of occasions, but failed to break that level on Sunday. However, it did on Monday and soared to $65,500 to hit a 12-day high.

However, the bears were still on the prowl and did not allow further gains. On the contrary, bitcoin began to lose value rapidly, culminating in a price drop below $61,000 on Thursday. Since then, however, BTC has managed to recover more than two thousand and is now trading around $63,000. This came despite the substantial decrease in network difficulty yesterday.

In terms of weekly gains, Toncoin is in a league of its own with a massive 30% increase. NEAR, FET and RNDR are the other notable price gains of mid-cap highs.

Outside of price moves, Binance is back in the news with regulatory hurdles. Its feud with the Nigerian government continues, while Canadian authorities fined the exchange for its lack of anti-money laundering policies.

Market data

Market Cap: $2,451 | 24 Hour Flight: $74 Million | BTC Dominance: 50.6%

BTC: $62,717 (+1.6%) | ETH: $3,011 (-1.75%) | BNB: $594 (+3%)

This week’s crypto headlines you can’t miss

Best Polkadot (DOT) Wallets of 2024: Full Comparison. Polkadot is one of the oldest and most veteran networks in the industry, with a vibrant and active ecosystem. Here’s Polkadot’s complete wallet guide to the most popular wallets to securely store your DOT in 2024 and beyond.

Top Solana Decentralized Exchanges (DEX) to Watch in 2024 Solana has absolutely grown in popularity over the past year and a half, becoming the most active network with thousands of projects. Trade in the chain has also soared. That’s why we decided to take a look at the top Solana decentralized exchanges to watch in 2024.

Donald Trump Takes New Approach To Cryptography, Attacks Hostile Biden Administration Donald Trump, who had previously attacked Bitcoin, now has a new approach towards the cryptocurrency industry. He said he will make sure people can donate to his campaign using crypto.

Bitcoin reaches new milestone, processes 1 billion transactions. While the price of BTC has been pretty depressing lately, the Bitcoin network hit another massive milestone. The blockchain has officially processed more than a billion transactions.

Bitcoin sees longest miner consolidation period since trading near $16,000. Bitcoin is in a period of prolonged consolidation within a relatively narrow range. In fact, miners have been consolidating their holdings for the longest time since Bitcoin was trading around $16,000.

Biden Admin Will Kill Republican Bill Letting US Banks Buy Crypto. Major regulatory legislation is being considered in the United States. If approved, it would allow local banks to hold cryptocurrencies. However, the Biden administration appears to be opposed.

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This week, we have a chart analysis of Ethereum, Ripple, Cardano, Shiba Inu and Polkadot – click here for the full price analysis.

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