News about Cryptocurrencies

The top 10 major cryptocurrencies that rose up to 130% amid bitcoin’s collapse.

Bitcoin fell to a near four-month low on Thursday, continuing its decline amid continued negative market sentiment towards cryptocurrencies: escalating tensions in the Middle East have increased investors’ risk-aversion.

Analysts named the reasons for the fall of bitcoin, predicted how it will behave in June, and told what to pay attention to cryptocurrency market participants

Pavel Durov renamed the cryptocurrency Toncoin (TON) to Gram (GRAM). The Telegram founder called the rebranding a return to the roots. No action is required from token holders.

The finance ministers of the EU’s six largest economies – Germany, France, Italy, Poland, Spain and the Netherlands – have agreed to support centralized oversight of the EU’s capital markets. This could be one of the most significant breakthroughs in recent years in the realization of the European single capital market project.

The idea of creating cryptobanks is being promoted at the legislative level in Belarus. The document “On Cryptobanks and Certain Issues of Control in the Sphere of Digital Signs (Tokens)” provides for the creation of conditions for their activities.

The FBI announced the seizure of more than 127,000 BTC worth about $8 billion as part of Operation Blackout, an international operation against scam centers and related networks.

Bitcoin rebounded to levels near $74,000 on Friday after falling to a near seven-week low in the previous session. Reports that the U.S. and Iran are close to extending a ceasefire agreement helped improve appetite for riskier assets.

The current US administration will not allow the introduction of a central bank digital currency (CBDC). This was stated by the Minister of Finance Scott Bessent.

Almost all major cryptocurrencies lost in price over the past 24 hours. The rates of bitcoin and Ethereum fell to their lowest levels in two months.

Against the backdrop of growth in the main stock exchange indices of major stock markets, bitcoin’s dynamics are lagging far behind. Experts attributed this to record capital outflows from exchange-traded funds and a shift in investors’ interest in the AI sector

Uzbekistan, one of the world’s largest gold producers, resumed full-scale gold exports in April after a six-month hiatus.

The price of Ethereum continues to show weakness against the backdrop of project co-founder Vitalik Buterin’s statements about the change of strategy of Ethereum Foundation (EF). This was pointed out by analyst Ali Martinez.

Experts have analyzed the situation in the market and told how it may change in the coming week.

The European Central Bank (ECB) warned of the risks of issuing euro-stablecoins – they can reduce bank lending and complicate control over interest rates. About it writes Reuters with reference to sources.

The European Union has officially cut off access to the digital ruble and Russian-linked cryptocurrency platforms. On May 24, the 20th package of EU sanctions came into force, which for the first time imposes large-scale restrictions against Russian cryptoinfrastructure.

In Kazakhstan will appear new digital products, including lending secured by cryptocurrency and cryptoinsurance. This was announced by Deputy Head of the National Bank Binur Zhalenov at the Solana Summit.

Over the past seven days, the prices of most of the largest cryptocurrencies showed positive dynamics despite the trend of the market leaders – bitcoin (BTC) and Ethereum (ETH), which fell by 4 and 6%, respectively. BTC is holding around $77.7 thousand, ETH – around $2.1 thousand. Against this background, some altcoins from the top 100 by capitalization showed double-digit growth, significantly outperforming the rest of the market.

On May 21, the price of the first cryptocurrency fell below $78,000. The market was pressured by the continued outflow from bitcoin-ETFs and low demand on the spot market.

Since the beginning of the month, the price of the first cryptocurrency has fallen 6% after testing the 200-day moving average around $82,000. Analysts at K33 Research believe that the February low at $60,000 will remain the low point of the current cycle.