California recently made strides towards widespread acceptance of
cryptocurrencies, legitimising the use of such digital transactions. The
Trump Family cryptocurrencies backed by
World Liberty Financial also stirred the markets, as small stimulus checks were distributed to investors. In contrast, Russia dropped a Bitcoin Bomb in light of the ongoing regulatory debates in the US, while a defiant Mayor Mizrachi of Panama City declared Bitcoin both safe and prosperous.
Coinbase, a leading crypto exchange, is making aggressive moves to acquire Bitcoin, leading television personality Jim Cramer to suggest people buy Bitcoin rather than invest in Coinbase. Meanwhile, digital asset platform
Base continues to expand its influence stating that it aims to serve everyone. Donald Trump's meme coin, launched just before his inauguration, created huge waves in the digital currency market. Despite the initial hype, the value of these meme coins faced significant drop since their launch. Even as meme coins face scrutiny, alternate coins such as Pi Coin are continuing to create buzz in the cryptocurrency marketplace.
Bitcoin, although currently experiencing a normal correction, have experts suggesting that we haven't yet reached the peak of its cycle. Amidst all of this, major industry players like
Ethereum and
Tether don't cease to make their own progress, while new contenders such as Trump's meme coin continue to shock the market with their rapid rise and subsequent decline in value.
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