Crypto Market Balance After ROLLERCOASTER WEEK.

in #bitcoin3 years ago

Bitcoin price stabilized Thursday morning after a turbulent week with new lows in 2021.
Relative stability has had the effect of stabilizing the cryptocurrency market, with Ethereum (ether), Cardano (ada) and dogecoin all moving below a few percent overnight.
Bitcoin was fueled by news from South America that Paraguay would follow El Salvador's lead by adopting Bitcoin as a legal tender.
A milestone bitcoin law passed in Central American countries earlier this month could potentially have a domino effect across Latin America, and politicians in several countries have announced plans to introduce similar legislation.
While major investors like MicroStrategy continue to “buy deep”, crypto analysts are split in the short- and medium-term direction of the market. Dogecoin co-founder Billy Markus revealed this week that he has bought the first meme-inspired cryptocurrency in eight years.

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